Tag: economy
economyArgentine economic activity expands in September for 25th straight month
Argentina's economy grew 7.7% in September from a year earlier, the government said on Friday, beating market expectations and marking the 25th straight month of growth.
Argentine economic activity expands at steady pace, but signs of cooling
Argentine economic activity grew at a steady pace in October but there are signs that growth will cool in the coming months, local consultants Orlando J. Ferreres & Asociados, OJF, said Thursday.
Latin American economy has entered cooling phase, says Brazilian think-tank
The Latin American economy has entered a declining phase and will further slow down in coming months according to a report from the Brazilian think-tank Getulio Vargas Foundation, FGV.
Argentina cuts utilities subsidies to large companies and high-income households
Argentina announced Wednesday a further adjustment to its extended public utilities (electricity, water and gas) subsidies policy and this time the cuts will apply to large companies and high income households.
“End of subsidies with no utility rates modifications” announces Argentina
Economy Minister Amado Boudou and Planning Minister Julio de Vido announced Wednesday in a press briefing, a full lift on subsidies; a decision which will reach various public sectors, including electricity gas and water companies. The changes imply annual fiscal savings of 600 million pesos (140 million dollars).
Brazil becomes sixth world economy, overtaking UK by the end of 2011
At the end of the current year Brazil’s GDP will rank sixth in the world and for the first time ahead of Britain’s GDP, according to the Sao Paulo media based on reports from IMF and private consultants.
In anticipation of global crisis World Bank extends 260m loan to Uruguay
The World Bank Board approved a 260 million dollars loan to support the Uruguayan government’s reform program in order to consolidate growth with social equity and provide a line of financing to address the impact of the current uncertainty in global economic affairs.
EIU expects higher inflation in Uruguay as government tries to spur growth
The Uruguayan government will concentrate efforts in promoting economic growth, (debilitated in the second quarter), plus reducing domestic debt, even to the expense of “weakening the credibility of the inflation target”, according to the Economist Intelligence Unit, EIU, from The Economist magazine.
Lula da Silva: only way out for the crisis is growth and jobs, not balanced budgets
Former Brazilian president Lula da Silva recommended European Union leaders to stop discussing balancing budgets and recapitalization of banks and find a solution to the current crisis through more economic growth, more trade and more jobs.
Uruguay forecasted to expand 5.5% this year and 4.5% in 2012
The Uruguayan economy is forecasted to expand 5.5% this year generating 40.000 new jobs, and 4.5% in 2012, according to “Prospects and Tendencies” announced Thursday by the Economy Institute from the Economics Faculty.
