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MercoPress, en Español

Montevideo, May 22nd 2025 - 10:08 UTC

Economy

  • Monday, January 8th 2024 - 12:50 UTC

    Milei praises Minister Caputo and says 30% monthly inflation would be ”a great achievement”

    Some “useful idiots” focus on the forms when the country needs a rapid response, Milei insisted

    Argentine President Javier Milei praised Economy Minister Luis Toto Caputo for his management of the country's inflation for December 2023 and said that if it reached 30% it would be “a great number” because previous estimates spoke of 45%.

  • Monday, January 8th 2024 - 12:29 UTC

    Uruguayan authorities project 4.9% inflation for 2024

    The Committee bringing together the Economy Ministry and the Central Bank reviewed the evolution of inflation, the expectations of all economic operators, and the projections for the monetary policy

    Uruguayan authorities forecast a 4.9% inflation for 2024 while the target range will remain between 3 and 6%, the Macroeconomic Coordination Committee reported in Montevideo.

  • Monday, January 8th 2024 - 11:29 UTC

    US Congress reaches deal to avert gov't shutdown

    Johnson called it “the most favorable budget agreement in years”

    Lawmakers from both major parties have reached a deal to avoid a US government shutdown in 2024, Democratic leader Chuck Schumer and Republican House Speaker Mike Johnson announced Sunday in Washington DC.

  • Saturday, January 6th 2024 - 10:50 UTC

    US farmers and beef lobbies want to stop the import of fresh meat from Paraguay

    Senators Mike Rounds, R-South Dakota, and Jon Tester, D-Montana, announced they would file a Congressional Review Act resolution to overturn the decision

    A wide ranging alliance of US government officials, cattle farmers and beef organizations gathered to strongly oppose the purchase and import of fresh beef from Paraguay, but a final ruling from the US Department of Agriculture's Animal and Plant Health Inspection Service decided in favor of the Mercosur country member. The decision became effective last December 14 and opens the doors to the Paraguayan produce.

  • Friday, January 5th 2024 - 10:19 UTC

    Paraguayan pork exports record significant increase

    The main destinations were Taiwan, Uruguay and Georgia

    According to a report from Paraguay's National Service of Animal Quality and Health (Senacsa) released this week in Asunción, pork exports have been recording growing numbers since 2019 and reached a 173% increase from 2022 to 2023.

  • Friday, January 5th 2024 - 10:15 UTC

    Uruguay: Inflation within target for first time in many years

    “The CPI for December 2023 registered a monthly variation of -0.11%,” Uruguay's INE said in its report

    Inflation in Uruguay during the year 2023 amounted to 5.1%, it was reported in Montevideo. The South American country's lowest rate in 18 years was achieved mainly thanks to prices reasonably stable in household goods, transportation, and communications, it was explained by the National Institute of Statistics (INE). The Consumer Price Index (CPI) grew only 4.9% in 2005.

  • Thursday, January 4th 2024 - 10:42 UTC

    Uruguayan exports fall but 2023 still a good year

    Montevideo's port expects to handle even more trade in 2024, Curbelo explained

    Uruguay's sales abroad dropped 13% interannually, according to a study released this week in Montevideo. Uruguay XXI's Annual Uruguay Trade Report showed that “neither the external nor the internal context contributed to Uruguayan exports of goods.” Uruguay XXI also noted that despite the fall from 2022 figures, 2023 was “the second year with the highest value exports in the last decade.”

  • Wednesday, January 3rd 2024 - 10:42 UTC

    IMF delegation to visit Buenos Aires for further discussions

    Argentina is in an extremely delicate situation, Adorni admitted

    Argentina's Cabinet Chief Nicolás Posse and Economy Minister Luis Toto Caputo are to meet in Buenos Aires with a delegation from the International Monetary Fund (IMF) on Thursday, Presidential Spokesman Manuel Adorni confirmed Tuesday.

  • Wednesday, January 3rd 2024 - 10:30 UTC

    Argentina lifts restrictions on beef exports

    Before the restrictions, beef exports in 2020 amounted to one million tons

    The Argentine Government of President Javier Milei has authorized the export of seven “popular cuts” of beef which had been banned from sales abroad under Alberto Fernández, it was reported in Buenos Aires.

  • Tuesday, January 2nd 2024 - 10:00 UTC

    Low food prices and high interest rates behind Brazil's waning inflation

    Braz fears that if the government is unable to meet its budget target in 2024, a devaluation of the real might ensue

    After Brazil's statistics bureau IBGE (Brazilian Institute of Geography and Statistics) released the inflation for 2023 in the South American country (4.72%), Agencia Brasil delved into the possible reasons behind this achievement and determined that low food prices and high interest rates played a significant role.