Economy

• Tuesday, December 26th 2023 - 10:44 UTC

  Argentina's BCRA planning larger-denomination bills

  

  Argentina's Central Bank (BCRA) is entertaining the possibility of issuing AR$ 20,000 and 50,000 bills in a move to keep up with inflation and eliminate the need for large wads of banknotes for nearly every cash transaction.

• Tuesday, December 26th 2023 - 10:20 UTC

  Tariffs on electric vehicles avoided as UK and EU extend trade rules

  

  The UK and EU have agreed to extend trade rules on electric vehicles until the end of 2026 to keep costs down for manufacturers and consumers, Prime Minister Rishi Sunak has announced.

• Saturday, December 23rd 2023 - 09:58 UTC

  Child labor in Brazil goes up under Bolsonaro

  

  According to a study released this week by the statistics bureau IBGE, child labor went up in Brazil between 2019 and 2022 under then-President Jair Bolsonaro, Agencia Brasil reported.

• Saturday, December 23rd 2023 - 09:35 UTC

  Paraguay's GDP grows 4.7% in the first 3 quarters of 2023

  

  The Central Bank of Paraguay (BCP) issued a report on Friday confirming that the South American country's Gross Domestic Product (GDP) grew by 4.7% in the third quarter of 2023, after a 3.6% increase over the same period last year, boosted by energy and services, it was reported in Asunción.

• Friday, December 22nd 2023 - 10:28 UTC

  Argentina makes payment to IMF through CAF loan

  

  Less than two weeks into the term of President Javier Milei, Argentina Thursday made a payment to the International Monetary Fund (IMF) worth US$ 921 million thanks to a loan from the Development Bank of Latin America (CAF), it was reported in Buenos Aires.

• Thursday, December 21st 2023 - 10:55 UTC

  Argentina: Milei announces mega reform emergency package

  

  Argentine President Javier Milei Wednesday announced in a recorded message broadcast at 9 pm -instead of at noon as originally scheduled- an emergency decree containing 366 measures to deregulate the economy, of which he only highlighted 30.

• Thursday, December 21st 2023 - 08:52 UTC

  European Union agrees on new spending rules, but to be implemented in 2025

  

  Following an agreement between heavyweights Germany and France, the European Union has anticipated lower budget deficits and falling debt ratios to boost investment. The decision was praised by the northern EU austerity members and also by the southern countries, normally more lenient on spending.

• Wednesday, December 20th 2023 - 10:45 UTC

  IMF says Brazil is the 9th economy in the world

  

  According to a report from the International Monetary Fund (IMF) released Tuesday, Brazil is now the ninth-largest economy in the world, thus displacing Canada from that position.

• Wednesday, December 20th 2023 - 10:42 UTC

  Argentina: Milei to explain drastic measures

  

  Argentine President Javier Milei will go on national television on Wednesday to explain the scope of his most-encompassing emergency decree (DNU) to deregulate the economy with more than 600 provisions.

• Tuesday, December 19th 2023 - 10:14 UTC

  Brazil sees bilateral trade with Argentina falling in 2024

  

  Brazil's main financial and business publication, Valor Economico is forecasting that bilateral trade with Argentina is expected to fall in 2024, based on the recent measures announced by the government of president Javier Milei. In the eleven months of 2023, bilateral trade between Argentina and Brazil reached US$ 27 billion, with Brazilian exports totaling US$ 17bn, and Argentina US$ 11bn.