Economy

Tuesday, January 19th 2021 - 08:29 UTC
Brazilian economy forecasted to grow 3,45% this year with 3,75% inflation

Brazilian financial and market analysts upgraded their economic growth forecast for 2021, from 3.41% to 3.45%, and maintained the projection at 2.5% for 2022, the Central Bank of Brazil announced Monday.
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Monday, January 18th 2021 - 08:32 UTC
Chinese economy expands 6,5% in IV quarter and 2,3% in 2020

China’s economy grew at a faster-than-expected pace in the fourth quarter of last year, ending a rough coronavirus-stricken 2020 ahead of all major industrialized nations, as well poised to expand further this year.
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Saturday, January 16th 2021 - 08:38 UTC
Falklands compensates farmers for mutton not processed during the current season

The suppliers of the Falkland Islands Meat Company (FIMCo) will be eligible for assistance through an FIG scheme, it was announced through a press statement on January 7. The support is in the form of £10 of compensation from FIG per head of mutton which cannot be processed by FIMCo, but does not make payments for cull sheep.
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Friday, January 15th 2021 - 09:39 UTC
Argentina and IMF resume discussions and “fresh funds” could be included in the package

The International Monetary Fund expects the pace of its ongoing discussions with Argentine authorities to accelerate in coming weeks, IMF spokesman Gerry Rice said on Thursday.
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Friday, January 15th 2021 - 09:30 UTC
Biden plans a US$ 1,9 trillion economic rescue package to spur the economy and fight the pandemic

United States president-elect Joe Biden laid out his plan for another US$ 1.9 trillion economic rescue package on Thursday, seeking to combat the economic and health crises stemming from the pandemic.
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Friday, January 15th 2021 - 09:30 UTC
Delays in launching an inoculation program in Brazil, threatens the economic recovery

The risks to an expected economy recovery in Brazil during 2021 are increasing as delays in rolling out a vaccine program against coronavirus continues to be delayed, according to Moody's rating agency.
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Thursday, January 14th 2021 - 09:36 UTC
Anticipating a year of social instability, Chile plans to boost foreign reserves

Chile’s peso tumbled on Wednesday, starting the year in a volatile fashion as many had forecast. The currency dropped 2.1% to 741.66 against the dollar, bringing its decline this year to 4%.
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Thursday, January 14th 2021 - 08:35 UTC
Bolsonaro accuses Ford of closing its plants because “they want subsidies”

Brazil’s President Jair Bolsonaro attributed Ford Motor Co.’s decision to close its three plants in Brazil to the end of multibillion-dollar subsidies from the government.
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Wednesday, January 13th 2021 - 09:14 UTC
Brazilian interest rates in the next 24 months expected to rise steadily

The outlook for Brazilian interest rates over the next two years rose to their highest in several months, a central bank survey of economists showed on Monday, even as exchange rate and inflation expectations held steady.
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Wednesday, January 13th 2021 - 09:11 UTC
Brazilian 2020 inflation 4,5%, but food prices skyrocketed 14,1%

Inflation in Brazil ended 2020 at 4,5% the stats agency IBGE revealed on Tuesday, above the central bank's target, with food prices rising, 14,1%, the most in two decades.
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