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South America: Sweet Prospects Hit Sour Note

Sweet Prospects Hit Sour Note

2:14 PM MST | November 7, 2008 | Kara Sissell

South America has experienced a period of relative stability in recent years with most countries enjoying strong currencies, enhanced consumer confidence, and sustained GDP growth. However, the global financial turmoil has hit the region hard in recent weeks, and many executives are suspending major business decisions until they can assess the impact that the crisis will have on pricing and exchange rates, analysts say. The recent steep decline in oil prices also raises questions about the viability of the many planned Brazilian “green” polymer...

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