Argentina registered inflation of 36,1% in 2020, with the declining rate during three quarters, picking up strongly in the last three months particularly basics such as food which is serious since almost half of the Argentine population are cataloged as poor or living below the poverty line.
Falkland Island lawmaker, MLA Roger Edwards, portfolio holder for Public Works spoke about the ongoing project for the new port to replace FIPASS, (Falklands Interim Port and Storage System) and the resources it will require, among which some 900,000 tons of stone.
Only a week ago, President Jair Bolsonaro said Brazil was “broke” and the latest Treasury numbers have come close to backing the statement. Last year the country reported a record primary budget deficit of 743.1 billion reais (US$138 billion), a record 10% of GDP.
The United States grew at a 4% annual rate in the final three months of 2020 and shrank last year by the largest amount in 74 years. The coronavirus inflicted the worst economic freeze since the end of World War II, the economy contracted 3.5% and clouded the outlook for this year.
The European Commission will monitor and in some cases block coronavirus vaccine exports out of the bloc since it installed a new mechanism on Friday. The move comes amid a row with the British-Swedish pharmaceutical giant AstraZeneca over vaccine deliveries.
The Swiss drugmaker Novartis has signed an initial agreement to provide manufacturing capacity for Pfizer and Biontech's COVID-19 vaccine, a move aimed at helping boost production as supplies fall shy of demand.
More than 300 large companies pledged this week to work together to help hundreds of thousands of merchant sailors trapped on ships for many months due to Covid-19. About 90% of world trade is transported by sea, and coronavirus restrictions in many countries are affecting global supply chains.
Argentine wheat exports during December 2020 dropped 52% compared to the same month of 2019, the lowest level in the last five years. The cereal revenue was also the lowest in five years, according to information from the local portal Agrofy.
Last 14 January, the United Kingdom Permanent Representative to the United Nations addressed a letter to the Secretary-General. The letter, in accordance with instructions received from the UK Government, was to refer to the letter dated 30 December 2020 from the Permanent Representative of Argentina to the United Nations, addressed to the Secretary-General.
The International Monetary Fund, IMF, lowered Argentina's growth estimate for this year to 4,5% from its previous 4.9% forecast, according to the World Economic Outlook, WEO, delivered this week and which includes some forty countries, among which Argentina since it is a member of G20.