20 October 2008

Financial crisis: World round-up

A look at the regions of the world most affected by the financial crisis, and what governments are doing to try to alleviate the financial turmoil.

AMERICAS

ARGENTINA:

Background: Rich in resources with a well-educated workforce and one of South America's largest economies, but it has also fallen prey to a boom and bust cycle.

Key data: Gross National Income per capita: $6,050 (World Bank, 2007)

Latest: The government is considering a host of measures to contain the impact of the global financial crisis, including a pact with businesses and unions to avoid job losses, higher tariffs on imports, trade barriers and a weaker peso, local media have reported.

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