Economy

Thursday, January 16th 2025 - 13:48 UTC
German economy shrinks second year running; lack of Russian gas and Chinese industry hit hard

The German economy, the heart of European Union dynamism shrank by 0.2% in 2024, the second year in a row, according to Destatis, the German Federal Stats Office. In 2023, the German GDP, Europe’s largest contracted by 0,3%.
Wednesday, January 15th 2025 - 10:29 UTC
Indec announces Argentina's inflation in 2024 reached 117.8%

Argentina's Consumer Price Index (CPI) went up 2.7% in December 2024 for an accumulated 117.8% last year, the National Institute of Statistics and Census (Indec) said Tuesday in a report released in Buenos Aires. It was the lowest monthly rate since July 2020 amid strict Covid-19 lockdowns, when inflation reached 1.9%.
Wednesday, January 15th 2025 - 08:47 UTC
Brazil’s 2024/25 harvest production estimated to reach 322.2 million tons, with soy exports of 105 million tons

Brazilian farmers should harvest 322,2 million tons of grains from the 2024/25 crop, representing an 8,2% increase over 2023/24, equivalent to an additional 24.5 million tons, according to the latest estimates from Conab, the county’s National Supply Company.
Monday, January 13th 2025 - 06:44 UTC
IMF warns Milei about increasing poverty amid exchange rate controls

Despite approving Argentine President Javier Milei's management in a broad way, the International Monetary Fund suggested the South American country should pay more attention to exchange rate arrears and the increasing poverty.
Thursday, January 9th 2025 - 17:18 UTC
Falklands unveils new banknote design featuring King Charles III and local wildlife

The Falkland Islands has debuted its first new banknote design in over four decades, with plastic notes featuring King Charles III and iconic local wildlife, including a king penguin.
Thursday, January 9th 2025 - 09:44 UTC
Leading risk rating agency further ups Paraguay's gradings

Paraguay's review by the international rating agency Standard & Poor's (S&P) has been upgraded from “stable to positive,” it was announced Wednesday in Asunción, as President Santiago Peña welcomed this new recognition.
Wednesday, January 8th 2025 - 06:30 UTC
Argentina: BCRA monthly survey projects inflation in 2025 to stand at 25.9%

Argentina's Central Bank's (BCRA) latest issue of the Market Expectations Outlook (Relevamiento de Expectativas del Mercado - REM) released Tuesday in Buenos Aires foresaw that December's Consumer Price Index (CPI) to be announced next week by the National Institute of Statistics and Census (Indec) would stand at 2.7% for an annual rate of 117.8%.
Tuesday, January 7th 2025 - 08:15 UTC
Argentina's automotive industry forecast to bounce back this year

Argentina's carmaking industry posted a 17.1% contraction in 2024, with an output of 506,571 units, a report from the Association of Automotive Manufacturers (ADEFA) released this week showed. Nevertheless, production is expected to reach 600,000 units this year.
Tuesday, January 7th 2025 - 07:13 UTC
Indonesia joins BRICS as full member, Brasilia confirms

Brazil's government confirmed Monday that Indonesia had joined the BRICS bloc as a full member, making it the first country to do so this year, Agencia Brasil reported. The alliance now has the fourth largest population on the planet, with the new partner's 284 million inhabitants making it the 10th largest economy in terms of purchasing power parity, according to the World Bank.
Monday, January 6th 2025 - 09:02 UTC
Bolivian inflation soars amid political unrest and poor weather

According to a report released Sunday by Bolivia's National Statistics Institute (INE), the South American country's inflation last year stood at 9.97% amid poor weather, social conflicts, and road blockades that deteriorated the economy considerably. INE Director Humberto Arandia also pointed out that the 2024 figure was the highest in the last 16 years.