Brazilian president Dilma Rousseff said the financial crisis in the Untied States which is contaminating the rest of the world is more ‘political’ than economic and it’s not only a matter of money, but also and mainly of ‘strong decisions’
Foreign Minister Trinidad Jimenez emphasized this week the growing relevance of Spain in Latin America, where Spanish firms have made 130 billion Euros worth of investments.
Venezuelan President Hugo Chavez said this week that he will probably have to undergo a fourth cycle of chemotherapy for cancer, but insisted that he will campaign for re-election next year “with the energy that circumstances require”.
One out of every four US Hispanics – 13.2 million people – is living in poverty, according to a report based on the US 2010 Census data that was released this week.
US president Barack Obama defended his Latin American policy, praised Mexico’s resilience in the drugs war, criticized Cuban reforms as insufficient and emphasized the ‘equals-relation’ between countries in the region and Washington.
US bank JPMorgan lowered Latin America’s growth estimate for 2012 from 3.9% to 3.5% mainly because of the impact of the slower EU and US economies, even when the Latam reduction is less than in other regions of the world.
Uruguay’s main economic consultants admitted they missed, and by quite a margin, their Uruguayan economy performance estimates for the second quarter which according to the Central bank only expanded 0.5%.
The head of the International Monetary Fund today urged advanced countries to take bold, coordinated action to break a vicious cycle of weak growth and high debt that threatens the global economy and has been worsened by dysfunctional politics.
The International Monetary Fund hopes investments in European bonds by the fast-growing BRIC (Brazil, Russia, India and China) economies are not limited to less risky government bonds such as German or British bonds, IMF managing director Christine Lagarde said in an Italian daily on Wednesday.
The number of Americans filing new claims for jobless benefits rose unexpectedly last week in a sign concerns about a weak economy were sapping an already beleaguered labour market, data showed Thursday.