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Stories for September 22nd 2005

• Thursday, September 22nd 2005 - 21:00 UTC

  IMF forecasts “volatile inflation and elastic recovery”

  Inflation in Latinamerica will probably remain volatile as a consequence of changes in commodities prices, said Wednesday the International Monetary Fund in its annual World Economic Outlook. Nevertheless IMF estimates Latinamerica will expand 4,1% this year and forecasts 3,8% in 2006.

• Thursday, September 22nd 2005 - 21:00 UTC

  In spite of Katrina, US growth still “solid” says IMF

  United States will suffer the bash from hurricane Katrina in growth terms but will recover. However the real estate boom, the surge in energy prices and financial misbalances are major risks, warns the IMF in its half year World Economic Report.

• Thursday, September 22nd 2005 - 21:00 UTC

  Oil supply and market efficiency in G7 agenda

  The Group of Seven most industrialized countries, G7, will be discussing Friday and over the weekend supply and oil market efficiency revealed Tim Adams, United States Treasury Under Secretary for International Affairs.

• Thursday, September 22nd 2005 - 21:00 UTC

  Brazil's Lower House speaker resigns

  The speaker of Brazil's lower house resigned Wednesday his post and seat in Congress faced with growing claims of corruption, which he denied to the bitter end.

• Thursday, September 22nd 2005 - 21:00 UTC

  Venezuela plans to purchase two new submarines

  The Venezuelan navy announced Wednesday its interest in purchasing three of the latest diesel-electric submarines in the world market which will eventually replace its two aging German-made Type 209 subs.

• Thursday, September 22nd 2005 - 21:00 UTC

  Mexico keeps increasing oil production

  Mexico's crude production increased almost 11% in August reaching 3.41 million barrels per day, government owned petroleum giant Pemex said Wednesday in Mexico City.

• Thursday, September 22nd 2005 - 21:00 UTC

  Chile among the countries with greatest income inequity

  In spite of the sustained growth and excellent performance of its economy Chile figures among the fifteen world countries with the greatest inequity between rich and poor, according to the latest World Development report published by the World Bank and released this week.