Economy

• Friday, December 16th 2022 - 08:36 UTC

  Argentina's inflation for November set at 4.9%

  

  Argentina's Consumer Price Index (CPI) rose 4.9% in November for an accumulated 85.3% in the first eleven months of the year, according to a report released Thursday by the National Institute of Statistics and Census (Indec).

• Friday, December 16th 2022 - 08:10 UTC

  ECLAC reports economic slowdown for 2022; will be worse next year

  

  The Economic Commission for Latin America and the Caribbean (ECLAC) forecast Thursday that Latin American and Caribbean countries will grow 3.7% in 2022, which represents a setback from last year's 6.7%.

• Thursday, December 15th 2022 - 19:19 UTC

  US/Chile Chamber of Commerce warns rampant crime activity threatens interest of foreign investors

  

  The storming of a depot belonging to a sales company, beating up employees, and causing considerable damage to the building and offices has caused not only an impact on Chilean public opinion but also a strong reply from the American-Chile Chamber of Commerce.

• Thursday, December 15th 2022 - 11:47 UTC

  Fed raises interest rates by 50 points to 4,5%, but US inflation at 7,11% is still far from the 2% target

  

  In a unanimous decision the United States Federal Reserve FOMC raised interest rates by half a percentage point on Wednesday, as it continues to battle a stubborn inflation, but the increase was lower than the three-quarter point which it had implemented seven times since last March, from zero to 4,5%.

• Thursday, December 15th 2022 - 11:25 UTC

  Argentine President reviews first three years of his administration

  

  Argentine President Alberto Fernández insisted Wednesday that his country was one that “grew and is growing” after having “gone through some of the worst storms.”

• Wednesday, December 14th 2022 - 19:41 UTC

  Governments need to address aging issues, ECLAC insists

  

  The Economic Commission for Latin America and the Caribbean (ECLAC) urged governments in the region this week to address the issue of aging people during the V Regional Conference on Aging and the Rights of Older Persons in Santiago.

• Wednesday, December 14th 2022 - 09:19 UTC

  China takes 52,5 million tons of Brazilian soy in eleven months of 2022

  

  In the eleven months of 2022, China imported 52.464 million tons of soybeans from Brazil, according to data from the latest Foreign Trade Secretariat (Secex), a department of the Ministry of Economy.

• Tuesday, December 13th 2022 - 10:26 UTC

  Despite political chaos, Peruvian economy remains strong based on an independent central bank

  

  When Peruvian president Dina Boluarte took office becoming the sixth head of state in four years, world media pointed out to the mineral rich South American country as an example of instability and total political chaos. This however is not necessarily true since Peru has one of the most stable and sustainedly growing economies in the region.

• Tuesday, December 13th 2022 - 10:19 UTC

  Argentine Foreign Minister highlights 2022 record exports

  

  Argentina's Foreign Minister Santiago Cafiero Monday underlined that his country would exceed US$ 100 billion in exports this year after visiting two of the main plants where products sold abroad are produced.

• Tuesday, December 13th 2022 - 09:20 UTC

  Uruguayan exporters worried about falling US dollar

  

  The Uruguayan Exporters Union (UEU) Monday expressed its concern about the current parity between the local currency and the US dollar which was in its view affecting foreign trade.