Seems like it is time to face the music... Get ready..

According to Fernandez the principal disadvantages of the country are the deficit and over-borrowing, which currently is at 11.5 percent. “There should be a wake up call, the fact is that we are going to grow less.”

He added that it is important to attract direct foreign investment. “For 2009 we need attract around $2.2 billion and for 2010 $2.4 billion. The reason is that credit is going to slow down and the revenues from commercial exchange are going to diminish because of less demand and the restrictions the rich countries are going impose on trade.”

Fernandez said that “in 2009 and 2010 we are going to see an important movement against commercial globalization. Trade is going to close down, as well as the United States and the European economies and that is the reason way we are going to need our own resources.”
To read rest of the article go here.