Latin America and the Caribbean experienced rapid employment recovery in 2010 to pre-crisis levels, according to data provided by the International Labour Organisation (ILO). However, the quality of jobs now being offered to those made jobless in the contracted worldwide recession over the past two years is fast becoming a problem in itself.
Argentina's current account balance--the broadest measure of a country's transactions with the rest of the world—posted a 900 million US dollars surplus in the third quarter, but was down slightly from expectations and the performance from a quarter earlier.
With the recent 62% increase Brazilian lawmakers (Lower House and Senate) will be among the best paid in the world, ahead of European and US peers and from other emerging economies.
Argentina, Brazil, Bolivia and Venezuela are the countries which most reduced inequality and poverty during the last decade in Latinamerica, according to Alicia Bárcena, executive secretary from the United Nations Economic Commission for Latin America and the Caribbean, Cepal.
Brazil has become the world’s fourth largest market for the automobile industry with sales of 3.45 million in 2010, up 9.8% over 2009, and is also attracting massive overseas investments to the industry, reports Anfavea the Brazilian Association of automobile manufacturers.Brazil now stands behind China, United States, Japan and ahead of Germany.
Between Jan and Oct 2010, 83 of the top 100 Chilean wineries increased their sales of bottled wine. According to figures from Wines of Chile, 68 of these wineries increased sales by more than 10%. Exports have increased by 11.7% compared to figures during the same period in 2009.
Fiat announced this week that it plans to invest 3 billion Real (approx. 1.7 billion USD) to build a second plant in Brazil, the carmaker’s No. 2 market after its native Italy.
The Chinese government is targeting economic growth of around 8% and inflation of around 4% next year, state television reported this week, citing Zhang Ping, the head of the National Development and Reform Commission.
Argentina's industrial production grew more than expected in November, on the back of big gains in automobile and construction materials output. Industrial production last month rose 12.5% on the year, and 4.1% in seasonally adjusted terms from October, the national statistics agency, Indec, reported Friday.
*By Sameer Jafri - Year 2010 marks sixty years of diplomatic relationship between India and China. Though the relations between the two go back to ancient times, the period since 1950 till present is mainly fraught with boundary dispute, which also led to a short-lived war in 1962. But in recent times, both sides have successfully attempted to normalize the bilateral relationship, mainly driven by the mounting bilateral trade.