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MercoPress, en Español

Montevideo, November 24th 2024 - 21:23 UTC

Economy

  • Friday, January 20th 2023 - 10:07 UTC

    Argentina's trade surplus in 2022 shows significant drop

    Had it not been for a recovery in December the outcome would have been even poorer with all the restrictions on imports already in place

    Argentina recorded a trade surplus in 2022 of US$ 6.923 billion, according to a National Institute of Statistics and Census (Indec) report released Thursday. It was a significant setback from the US$ 14.751 billion recorded in 2021, particularly after additional restrictions were placed on imports in the second semester after Super Economy Minister Sergio Massa took office.

  • Thursday, January 19th 2023 - 19:46 UTC

    ECLAC sees great stress ahead for Latin America

    The 2020s look poised to become another lost decade for Latin America like the 1980s, Salazar-Xirinachs explained

    The Economic Commission for Latin America and the Caribbean (ECLAC) foresees “great stress” and a “cascade of crises” including rampant inflation and increasing climate change that will affect the livelihoods of people in the region.

  • Thursday, January 19th 2023 - 10:30 UTC

    Darwin Plus Local funding scheme for South Georgia projects' applicants

    SGSSA Government would encourage anyone who is considering submitting a Darwin Local proposal for a SGSSI related project to read this document along with the associated Delivery Plan.

    The Government of South Georgia & the South Sandwich Islands (GSGSSI) is proud to promote and encourage science that contributes to developing and upholding best-practice environmental management and that supports the active management and good governance of the Territory.

  • Thursday, January 19th 2023 - 10:02 UTC

    Paraguay's Central Bank foresees 4% inflation for 2023

    “The Central Bank is going to fulfill its role of giving stability to prices,” Mora pledged

    Paraguay's Central Bank (BCP) will target a 4% inflation for the year 2023 after a slowdown has already been detected, BCP Chief Economist Miguel Mora said Wednesday. The monetary authority will also seek to guarantee price stability for local consumers despite a depreciation of the guaraní (₲) against the US dollar.

  • Thursday, January 19th 2023 - 09:59 UTC

    IMF and IDB willing to help Brazil manage spending cap

    Economists, scholars, and specialists will be summoned to give their opinion about this, Haddad said

    Brazil's Economy Minister Fernando Haddad said Tuesday after a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva that the agency was willing to help South America's largest country handle its fiscal situation, Agencia Brasil reported.

  • Thursday, January 19th 2023 - 07:50 UTC

    Argentine announces repurchase of debt bonds

    Massa's measure seeks to boost the price of Argentine bonds in a move to nudge investors in that direction, thus deflating the “blue” dollar

    Argentina's Superminister of Economy, Agriculture, and Production Sergio Massa Wednesday announced he had instructed his team to launch a “debt repurchase” process for over US$ 1 billion “to improve the debt profile and continue lowering the country risk,” while bringing it closer to accessing foreign credit.

  • Wednesday, January 18th 2023 - 20:25 UTC

    UN Secretary-General warns many countries are on the brink of recession

    Guterres also spoke of the “Great Divide” between the United States and China

    United Nations Secretary-General António Guterres denounced Wednesday during his appearance before the World Economic Forum (WEF) in Davos, Switzerland, that many countries were on the brink of recession, amid growing inflation in economies still to recover from the Covid-19 pandemic.

  • Wednesday, January 18th 2023 - 15:36 UTC

    Brazilian rice exports jumped 85% during 2022 compared to 2021

    Brazilian exports of rice in 2022 totaled 2.11 million tons, 85% higher than in 2021, according to the Brazilian Association of the Rice Industry (Abiarroz)

    As Brazil continues to expand its agriculture frontiers and farming techniques, two cereals of which the country has been historically an importer are becoming increasingly self-sufficient. This is particularly true for wheat and rice, with most crops in the southern states of the country.

  • Wednesday, January 18th 2023 - 10:46 UTC

    Latin American exports lose momentum in 2022 and 2023, report by IDB Bank

    The region’s external sales were driven by shipments to the United States, which are estimated to have grown by 21.3% in 2022

    Latin America and the Caribbean value of goods exported during 2022 rose at an estimated 18.8% rate, which represents a downward trend in the region's commerce figures of some 27,8% when comparing 2021 with 2022, according to a report from the Inter American Development Bank, IDB.

  • Wednesday, January 18th 2023 - 10:40 UTC

    Paraguay trade deficit reached US$ 1,3billion in 2022 speared by a 16,1% increase in imports

    Primary products, soybeans and sesame, had the greatest negative impact on exports, while corn had the greatest positive impact

    Mercosur junior member Paraguay ended 2022 with a negative trade balance of US$ 1,288.9 million, as a result of a 16,1% increase in total imports according to the country's Central Bank, BCP.