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MercoPress, en Español

Montevideo, May 21st 2025 - 02:04 UTC

Economy

  • Wednesday, June 19th 2024 - 20:14 UTC

    Argentina: Milei reckons June's inflation to rebound

    Failing to reach a zero fiscal deficit is also the consequence of politicians delaying the approval of the so-called Bases Law, Milei argued

    Argentine President Javier Milei admitted that his country's process of curbing inflation would be making “a pause” from the 4.2% the National Institute of Statistics and Census (Indec) announced for May this year. In addition to a rebound in the decline, there will be no zero deficit, the Libertarian leader also admitted.

  • Wednesday, June 19th 2024 - 19:26 UTC

    Hike in electricity bills burdening Chile's inflation policy

    Chile needed not to repeat Argentina's disproportionate fare increases, Ramos explained

    A recent increase in electricity bills has Chile's Central Bank needing to postpone getting the South American country's inflation under control, according to the Monetary Policy Report (IPoM) for June 2024 released Wednesday.

  • Tuesday, June 18th 2024 - 09:26 UTC

    Brazil among less competitive economies but better than Argentina

    “We are suffocating the Brazilian productive chain,” Tadeu explained

    According to a report released this week by the Swiss Business School's Institute for Management Development (IMD), Brazil ranked 62nd this year after falling two notches in the list drawn considering statistics and opinion polls among businesspeople.

  • Monday, June 17th 2024 - 19:14 UTC

    Paraguay's potential highlighted by leading international outlet

    Among other items, Paraguay stands out for its 0.1% greenhouse gas emissions

    Paraguay's latest achievements as a top Latin American destination for foreign investments have been highlighted by One World Media. The outlet praised the South American country's macroeconomic and political stability coupled with its natural resources, strategic position, and gender equality regulations.

  • Monday, June 17th 2024 - 18:14 UTC

    IMF: Argentina's economic activity projections worse than thought

    Argentina's return to international capital markets could happen as early as 2025, the IMF also foresaw

    Monday's International Monetary Fund (IMF) projected a 3.5% drop in Argentina's economic activity this year from a previous 2.75% assessment but admitted inflation would be lower than previously thought reaching 140% year-on-year by the end of 2024 in addition to “declining further in the medium term, as demand for pesos recovers from historically low levels.”

  • Friday, June 14th 2024 - 22:02 UTC

    G7: Milei mingles with world leaders but no picture with Lula

    Milei spent quite a while next to Biden

    Argentine President Javier Milei began mingling with the elite of the global leadership Friday at the exclusive Italian resort of Borgo Egnazia where the G7 Summit is taking place. Although the South American country is not a member of the group pitting together the seven largest world economies, he attended as a guest at the invitation of host Prime Minister Georgia Meloni who welcomed him personally.

  • Friday, June 14th 2024 - 09:30 UTC

    Argentina's Indec says May's CPI reached 4.2%

    Minister Caputo celebrated what he deemed to be another achievement in curbing inflation

    Argentina's National Institute of Statistics and Census (Indec) announced Thursday that the Consumer Price Index (CPI) had grown 4.2% in May, which was celebrated by the Libertarian administration of President Javier Milei as another sign of a slow victory over inflation despite the 71.9% recorded in the first five months of 2024 and the 276.4% yoy.

  • Friday, June 14th 2024 - 07:57 UTC

    Milei's trip to China announced but not confirmed

    During his appearance at the G7 Summit in Italy, Milei is scheduled to hold one-on-one talks with fewer world leaders than Brazil's Lula

    After reaching the presidency of Argentina on diatribes against “lefties” and “Communists,” it was reported Thursday in Buenos Aires that Javier Milei would be traveling to Beijing for a meeting on July 4 with Xi Jinping, who insisted on the South American leader's presence for the signing of the extension of a US$ 5 billion currency swap that saved the Libertarian administration from maturities this month and the next.

  • Thursday, June 13th 2024 - 10:43 UTC

    Milei leaves for G7 Summit with a plethora of good news

    Se espera que Milei exponga ante el G7 sobre el posible rol de Argentina como polo de desarrollo líder en inteligencia artificial

    After a day of good news following the Senate's broad approval of the Bases Law bill in addition to an arrangement with China to extend the currency swap in force, Argentine President Javier Milei and his entourage left for Borgo Egnazia, Italy, to attend the G7 Summit, during which he plans to hold talks with Prime Minister Giorgia Meloni, French President Emmanuel Macron and International Monetary Fund (IMF) Managing Director Kristalina Georgieva, among other world leaders.

  • Wednesday, June 12th 2024 - 20:29 UTC

    Milei pledges to leave Casa Rosada dead before surrendering Argentina's zero deficit

    A survey found that six months into Milei's administration, the government's support was intact among Libertarian voters

    Argentine President Javier Milei said Wednesday morning that “they will have to take me out of the [Casa] Rosada dead” if they are “to break the fiscal deficit.” The Libertarian leader made those remarks during his speech at an event in Buenos Aires ahead of his trip to Italy to attend the G7 Summit. ”We are going to make a bigger reform than the one made by Carlos Menem because ours is three times more (so),” he added.