An entrepreneur in the banking industry, Julio M. Herrera Velutini stands out as the chairman of a prominent international bank. Also the founder of one of Venezuela's most prominent financial organizations, Julio Herrera Velutini emphasizes banking and lending standards as crucial elements necessary to stabilize national economies.
According to economic forecasters, Latin America continues on a path of slowing growth in 2014. Although the region's economy reported flat growth throughout 2013, early reports in 2014 suggested that capital influx to the region would lead to an economic pickup. Estimates in August 2013 suggested a growth of 1.6 percent this year, but September adjustments reduced this rate to 1.3 percent. Experts note that if this adjusted estimate remains accurate, the Latin American economy will grow at its slowest pace since 2009. However, current forecasts suggest that cash flow may resume in 2015, which would likely prompt an increase in growth. Current predictions suggest a 2.5 to 2.9 percent growth in 2015 and a 3.5 percent growth in 2015.
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AuthorMr. Velutini has experience with both established banks and young banks. S Archives
December 2017
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