1. Economic Crisis: Effects in Colombia Braulio Angulo Lina Oviedo Catalina Carmona ENGLISH V– 2009/2

3. Historial DataColombia Effects Industry sector and the crisis ENGLISH V– 2009/2

4. Economic Crisis FIRST WAVE August 2007: The housing bubble burst in the United States September – December 2007: The Fed lowers interest rates It decreases the growth. Devaluation of the rate of change to adjust external bills. January – September 2008: The crisis extends to the overall financial sector The hit countries are the clerks of it USES. September 2008: It is the breaking point. Lehman Brothers fail February 2009: The U.S. Congress approves the fiscal stimulus package SECOND WAVE It triggers a crisis of confidence in the financial sector Loss of briefcases in Europe generates the investors' aversion to invest in emergent countries October – December 2008: The governments of developed countries announced fiscal stimulus packages January 2009: Developed countries officially entering recession WORLD CRISIS: TWO WAVES ENGLISH V– 2009/2

5. Economic Crisis

7. Invigoration of the patrimony of the banks.

8. Improvement internal processes of administration of risks.

9. Consolidation of the system: Those survived but strong.

10. Politics of Independence of the Main Houses.

11. Not existence of speculative bubbles.

12. Comfortable situation of liquidity.

13. Moderate Fiscal deficit.

14. It appraises of Flexible Change.

15. Closed economy.ARE WE PREPARED? ENGLISH V– 2009/2

17. Closed: Adjust of the demand it is but traumatic.

18. There are not structural measures.

19. There was not saving in the upward part of the cycle.

20. The shy measures generate distrust.

21. Exports: High dependence

22. PyramidsARE WE PREPARED? ENGLISH V– 2009/2

23. Economic Crisis World Trade, World, Latin America and Colombia: Tendency Line ENGLISH V– 2009/2

24. Economic Crisis FIRMS DECLAREDT BANCKRUPT 2008 VS 2009 ENGLISH V– 2009/2

25. Economic Crisis ENGLISH V– 2009/2

26. Economic Crisis Behavior of the Manufacturer Industry ENGLISH V– 2009/2

27. Economic Crisis Fuente: DANE- Dirección de Síntesis y Cuentas Nacionales ENGLISH V– 2009/2

29. To watch over financial sector-Non intervention of the BC in adjustment of Rate of Change.

30. Attraction of capitals stops after having overcome the crisis.

31. Crisis: Opportunity to achieve goals.ENGLISH V– 2009/2

33. www.dpn.gov.co

34. www.dane.gov.co

37. GOMEZ, Luisa. El mundo en recesión y Colombia estancada este año, según el FMI. El Tiempo, 23 de Abril de 2009. Pág. 1 – 2Economic Crisis ENGLISH V– 2009/2

39. http://www.radiosantafe.com/2009/10/10/por-crisis economica-gremios-mas-afectados-apuntan-a-nuevos-mercados/

40. DANE. PIB. September 2009. Avalaible at: http://www.dane.gov.co/files/investigaciones/boletines/pib/presen_PIB_IItrim09.pdf

41. DANE. PIB. Bogotá D.C. Septiember 24, 2009. Avalaible at:

42. DANE. newsbulletin: Manufacturing. June 2009. Avalaible at: http://www.dane.gov.co/files/comunicados/cp_pib_iitrim0http://www.dane.gov.co/files/investigaciones/boletines/mmm/bol_mmm_jun09.pdfEconomic Crisis ENGLISH V– 2009/2