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MercoPress, en Español

Montevideo, May 21st 2025 - 00:42 UTC

Economy

  • Wednesday, June 5th 2024 - 20:53 UTC

    Uruguay's interannual inflation stands at 4.1% in May

    Gasoline rose 1.95% on average, the INE found

    Uruguay's National Statistics Institute (INE) released a report Wednesday in Montevideo showing that the Consumer Price Index (CPI) went up 0.4% in May for an accumulated 3.25% in 2024 and a 4.1% yoy. In May 2023, inflation for the previous 12 months amounted to 7.1%.

  • Wednesday, June 5th 2024 - 16:59 UTC

    Falkland Islands Government publishes Budget for 2024/25

    Portfolio Holder for Corporate Government Services, MLA Roger Spink said: “This budget follows the principle of ensuring the long-term financial stability of the Falkland Islands.”

    Focusing on our current and future generations is at the heart of the Falkland Islands Government Budget for 2024/25. The Budget recognises these two themes are essential for the community to mitigate against the continued global cost of living crisis, and the uncontrollable situations happening around the world, which ultimately impact our economy.

  • Wednesday, June 5th 2024 - 10:11 UTC

    Low river levels affecting Paraguay's shipments

    After last year's recovery, 2024 is expected to be tough once again, Romero explained

    Paraguayan foreign trade operators have expressed concern this week amid dropping water levels at the Paraguay and Paraná rivers affecting transportation capacity.

  • Wednesday, June 5th 2024 - 09:54 UTC

    Fitch keeps Uruguay's rating unchanged and stable

    In Uruguay there is “a basic political consensus around the continuity of state policies,” Fitch underlined

    The international credit rating agency Fitch announced Tuesday that it was keeping Uruguay's BBB grade unchanged and with a stable outlook given the South American country's “relatively high” GDP, strong governance indexes, and sound external finances.

  • Wednesday, June 5th 2024 - 09:45 UTC

    Brazil's economy back on progress' track

    According to the IMF, Brazil will soon become the 8th economy in the world, Lula announced on X

    According to a report from Brazil's Institute of Geography and Statistics (IBGE) released Tuesday, the Gross Domestic Product (GDP) of South America's largest country grew 0.8% in the first quarter of 2024 compared to the last three months of 2023 and 2.5% interannually after a 0.1% contraction in the fourth quarter of last year.

  • Tuesday, June 4th 2024 - 09:36 UTC

    Poverty on the rise in Argentina, study finds

    According to the study, 32.5% of people with a regular job live “in households in poverty.”

    According to a study published Monday by the Observatory of the Argentine Social Debt (ODSA for its acronym in Spanish), poverty rose to 55.5% of the population, affecting nearly 25 million people in the South American country in the first quarter of 2024. At the same time, indigence (a situation even below poverty) reached 17.5% with a food insecurity scope of 24.7% of the population.

  • Tuesday, June 4th 2024 - 08:58 UTC

    Uruguay to prioritize Mercosur's ties with China

    Paganini also ruled out any problems between Mercosur and China despite Milei's attitude

    Uruguay's Foreign Ministry Omar Paganini anticipated that revitalizing dialogue with China will be a main priority once his country takes over the pro-tempore presidency of the South American Common Market (Mercosur) on July 8.

  • Monday, June 3rd 2024 - 13:13 UTC

    Chinese economy rebounding coincide Stats Office and IMF; Beijing pumping a US$ 138bn support

    The upgrade reflects a first quarter GDP growth stronger than expected, and some additional policy measures recently announced,” Deputy Managing Director Gita Gopinath said

    The Chinese economy rebounding, seems to be the message both from the country's National Bureau of Statistics, NBS, and even the IMF with a more optimistic outlook. According to NBS industrial profits during April were again in positive territory and so are other important economic indicators, which showed a moderate improvement from March, highlighting a sustained recovery of the world's second-largest economy.

  • Sunday, June 2nd 2024 - 10:04 UTC

    Banknote featuring King Charles III will be issued 5 June, Bank of England

    There is no need to exchange current banknotes for the new King Charles III notes. BoE has temporary facilities for people to obtain a limited value of the banknotes

    Banknotes featuring a portrait of King Charles III will be issued from 5 June 2024. The portrait of the King will appear on existing designs of all four banknotes (£5, £10, £20, and £50), with no other changes to the existing designs. This means you can check these notes in the same way you can check the polymer banknotes featuring Queen Elizabeth, announced the Bank of England.

  • Saturday, June 1st 2024 - 09:55 UTC

    Argentina to begin corn exports to China next July

    Argentina and China had over a decade ago tried to open up the trade of Argentine corn, most of it GMO, and Beijing was reluctant, and now allegedly has accepted.

    At times the world's third supplier of corn, (behind Brazil and the US), Argentina expects to begin sending corn shipments to China as of next July, the head of the grains' exporter chamber, Gustavo Idigoras revealed. The Argentine government had anticipated that it was targeting corn exports to China, once pending import licenses had been awarded.