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MercoPress, en Español

Montevideo, May 19th 2025 - 23:16 UTC

Economy

  • Friday, November 1st 2024 - 10:55 UTC

    Wages in Uruguay grow 6.95% year-on-year, although real wages fall in September

    Inflation deducted, salaries posted a 0.31% setback

    According to a report from Uruguay National Statistics Institute (INE) released Thursday in Montevideo, wages grew 6.95% in the last twelve months. The Average Wage Index (AWI) had a monthly variation of 0.07% in September for a 6.13% accumulated so far in 2024. In terms of categories, the private sector grew the most, with 7.20%, while the public sector showed an increase of 6.50%.

  • Friday, November 1st 2024 - 10:23 UTC

    Brazil: Unemployment down in 3Q

    Only in December 2013 was unemployment lower since these measurements started in 2012

    According to a report from Brazil’s Institute of Geography and Statistics (IBGE) released Thursday, unemployment in South America's largest country fell to 6.4 % in the third quarter of 2024 (from July to September), Agencia Brasil reported. These figures are 0.5 percentage points lower than between April and June, when it stood at 6.9%. Compared to July–September 2023, the drop is 1.3 percentage points. In that quarter, the rate was 7.7%.

  • Thursday, October 31st 2024 - 19:21 UTC

    UK Office for Budget Responsibility, new government increases spending by £70bn annually for the next five years

    Chair from the Office for Budget Responsibility, Richard Hughes

    A quick analysis by the Chair from the UK Office for Budget Responsibility, Richard Hughes, on the Budget announced to Parliament on Wednesday by Chancellor of the Exchequer, Rachel Reeves MP.

  • Thursday, October 31st 2024 - 10:19 UTC

    BCP intervention keeps guaraní afloat against US dollar

    But Paraguay's economy faces other challenges such as the neverending downspout pushing freight costs upwards

    After an intervention by the Central Bank of Paraguay (BCP) deemed as “timely” in Asunción's financial circles last week, the local currency appreciated against the US dollar and fell further away from the psychological ₲ 8,000 barrier. The BCP pledged to further inject at least US$ 15 million daily into the market, to stabilize the local currency. The dollar went up 9% against the guarani in 2024, largely driven by demand for the dollar in the international market and by local exchange needs.

  • Wednesday, October 30th 2024 - 10:09 UTC

    Guterres urges countries to prioritize nature over businesses

    “We must defend the people who defend nature,” Guterres stressed

    United Nations (UN) Secretary-General António Guterres urged countries to set aside their business models and prioritize nature, which is neither infinite nor free. He made those remarks in the Colombian city of Cali during his appearance at the Global Biodiversity Conference (COP 16).

  • Tuesday, October 29th 2024 - 10:00 UTC

    Brazilian gov't and business agree on WTO reform ahead of G20 Summit

    Together, the B20 and G20 share a common vision of reforming the global trading system, Alckmin reckoned

    Brazil's government and businessmen gathered last week in São Paulo for the B20 summit, and they concurred on the need to push for world trade reforms ahead of the G20 summit, which will be held in Rio de Janeiro next month.

  • Saturday, October 26th 2024 - 10:59 UTC

    Paraguay's Central Bank to take action keeping US dollar from further soaring

    Argentine and Bolivian nationals purchasing large sums were one of the causes for the surge, it was argued

    Paraguay's Central Bank (BCP) announced Friday that it would adopt additional measures to keep the US dollar from soaring further against the local guaraní after crossing the US$1 / ₲ 8,000 barrier on Thursday. Starting next week, the BCP will pour US$15 million daily into the exchange market to keep the quotation at bay.

  • Friday, October 25th 2024 - 10:41 UTC

    IMF to think about what is best for Argentina, says Georgieva

    “We see the improvements,” Georgieva admitted

    Argentina's Economy Minister Luis Toto Caputo met Thursday in Washington DC with International Monetary Fund (IMF) Managing Director Kristalina Georgieva, who then announced that “we have an objective, which is to think together, as a single team, what is best for Argentina”.

  • Thursday, October 24th 2024 - 19:07 UTC

    ECLAC foresees slight rebound in foreign trade

    Salazar-Xirinachs highlighted the importance of public-private cooperation

    The United Nations Economic Commission for Latin America and the Caribbean (ECLAC) foresaw this week in its its annual Latin America and the Caribbean International Trade Outlook that regional exports of goods would bounce back in 2024 after last year's 1% contraction while service exports will complete their fourth consecutive year of double-digit growth.

  • Thursday, October 24th 2024 - 18:04 UTC

    Air travel on the rise in Brazil

    Expectations are the best, Costa Filho explained

    Brazil's Ministry of Ports and Airports reported this week that South America's largest country recorded nearly 10 million airline travelers nationwide last month, which represented a 5.7% increase from September last year.