Tag: GDP
GDPNovember inflation in Brazil up 0.52% and 6.64% in last twelve months
Brazilian consumer prices rose faster than expected in November. Inflation as measured by the benchmark IPCA index, quickened to 0.52% last month from 0.43% in October.
Canadian rating agency upgrades Argentina, but warns about external shock
DBRS rating agency from Canada upgraded on Wednesday its ratings on Argentina's long-term foreign and local currency securities to “B” from B (low). The trends have been revised to Stable.
US jobs and GDP stats still poor, but not as bad as previously estimated
US new unemployment benefit claims fell to a five-month low last week, while the economy grew slightly more than previously reported in the second quarter, according to data from the Labour Department.
Argentina’s industry praises CFK calls for ‘national unity’ to achieve development
Argentina’s powerful industries union, UIA, called on Friday for dialogue and ‘national unit’ in order ‘to bring together a project of development’, and forecasted that if this is achieved the country could triple its GDP in the next twelve years.
Chile will become first develop country in Latam, says world’s richest man
Chile will become the first developed country in Latin America, predicted Mexican communications mogul Carlos Slim, the richest man in the world, in an economic presentation given in Honduras last Thursday.
Argentina’s economic performance ‘below’ South America’s average
The Argentine ‘development model’ had had its successes but it belongs to the average group of most South American countries that benefited by the explosive advance of commodity prices and since 2007 has fallen to the bottom half of performers in the region according to former Economy minister Martin Lousteau.
Mercosur outperformed in 2008/09 recession and during 2010 recovery
Latin America and the Caribbean have weathered the 2008-2009 recession much better than it had previous downturns. However less well-known is that the region, particularly Mercosur members, also decisively outperformed many other regions during the same period with a decline in growth smaller than that of the middle-income country average and with a rebound that was swifter and stronger.
Crime and violence cost Central American countries 8% of GDP, says World Bank
Growing crime and violence in Central America not only have an immediate human and social toll but they also pose a tremendous threat to development potential in the region since it is estimated that these sources of instability cost 8% of GDP, once health, institutional, private security, and material expenses are accounted for.
Argentina forecasted to expand 6.8% in electoral year with 25% inflation
Goldman Sachs raised its forecast for Argentina’s economic growth in 2011 after the economy expanded last year at the fastest pace since 2005. Alberto Ramos Goldman Sachs economist raised the GDP expansion estimate to 6.8% from a previous 5.6%, according to an e-mail statement.
Argentine economy expanded 9.2% in 2010 and begins 2011 with a”6% floor”
Argentina’s economy grew 9.2% during the last quarter of 2010 compared to the same period in 2009, according to an official report from the government’s statistics office, Indec. The country’s GDP also increased 2.5% compared to the previous trimester and totalling 9.2% growth during 2010.
