(1888PressRelease)
June 12, 2009 - Like many other regions impacted by the global economic crisis, investors and business executives across Latin America have been forced to recalculate expectations of return on investment and corporate earnings.
In recent months, most financial analysts have revised growth expectations for the region downward. A recent survey of more than 100 executives from large, mid-sized and small banks from 19 Latin American and Caribbean countries by the Inter-American Development Bank and the Latin American Bank Federation (FELABAN) finds that most of these respondents expect to feel the impacts of the global financial crisis for one to three years.
The Organisation for Economic Co-Operation And Development (OECD), in its Latin American Economic Outlook 2009, acknowledges important challenges for the region, including “revenue generation that relies on volatile non-tax sources and regressive indirect taxes…” and recognizes the key linkage of fiscal policy and development as a key indicator of economic growth within the region’s high-potential economies.
The practice experiences and personal insights of Transearch International consultants from across Latin America are captured in the White Paper entitled 'Latin America: Driving Toward Sustainable Business Advantage'. As the perspectives reveal, the pace of future business growth will continue to hinge on the region’s ability to develop, attract and leverage the right business leaders who can drive talent equity and sustainable business advantage.
The clear consensus among the region’s bankers and other business executives is that 2009 will, no doubt, be a challenging year for Latin America and other regional players in the world economy.
Get your copy of the White Paper 'Latin America: Driving Toward Sustainable Business Advantage' via the Transearch International website at http://www.transearch.com/press_room/display2.asp?nID=223
Note to Editors: About Transearch
Transearch International has representation in most of the major economic centres of the world with 53 offices in 36 countries and is currently rated as the 9th largest global executive search firm by Executive Recruiter News (ERN). Transearch International was founded in 1982.
For more information contact the Transearch Central Office: contact at transearch.com. Transearch executive search firm website: www.transearch.com
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