Economy

• Saturday, December 3rd 2022 - 09:01 UTC

  Uruguay's INE to update measuring of CPI

  

  Uruguay's National Institute of Statistics (INE) will change the way it measures inflation, starting in December 2022, it was announced in Montevideo this week. The new method means new products and services will be gauged while others are to be sidelined.

• Saturday, December 3rd 2022 - 07:00 UTC

  Increase in food costs for the average UK household because of Brexit, LSE paper Brexit a

  

  Brexit added £210 to the average British household food bill in the two years to the end of 2021, according to a new academic paper from the London School of Economics (LSE), with price rises hitting the poorest families.

• Friday, December 2nd 2022 - 10:56 UTC

  Paraguay rules out a Mercosur breakup and calls for consensus on decisions

  

  Paraguayan Foreign Minister, Julio César Arriola, ruled out on Thursday a break up within the Southern Common Market (Mercosur) and ratified that his country supports that the decisions of that integration mechanism be adopted jointly and by consensus.

• Thursday, December 1st 2022 - 10:55 UTC

  Paraguayan President critical of Uruguay's plan to join other trade blocs

  

  Paraguay's President Mario Abdo Benítez Wednesday said that Uruguay's negotiating trade deals outside Mercosur were detrimental to the South American bloc's “essence.”

• Thursday, December 1st 2022 - 10:19 UTC

  Milestone UK/Brazil Double Taxation Agreement

  

  The United Kingdom and Brazil signed a Double Taxation Agreement (DTA) this week. The Agreement will provide relief from the double taxation of income in both countries and is the most significant development in the trade relationship between the United Kingdom and Brazil in many years and represents a concrete response to demands from business in both countries

• Thursday, December 1st 2022 - 10:02 UTC

  UNCTAD forecasts economic slowdown in 2023 with dramatic drop of shipping activity

  

  The pace of global shipping activity is set to lose steam next year as economic turmoil, conflict in Ukraine and the impact of the pandemic weaken the outlook for trade, U.N. agency UNCTAD said this week.

• Thursday, December 1st 2022 - 09:00 UTC

  Brazil exports remain concentrated in commodities and imports in industrial goods, WTO report

  

  Brazil’s integration into the global economy has grown in recent years, but exports are increasingly concentrated in commodities, and imports are dominated by industrial goods, according to the World Trade Organization (WTO) assessment of Brazilian trade policy.

• Wednesday, November 30th 2022 - 17:55 UTC

  Lacalle's bold diplomacy compromises future of Mercosur

  

  Mercosur is facing yet a new crisis stemming from Uruguayan President Luis Lacalle Pou's eagerness to join any foreign trade alliance no matter what.

• Wednesday, November 30th 2022 - 10:25 UTC

  No significant changes in Chile's unemployment rate

  

  Unemployment in Chile stood at 8.0 % in the August-October 2022 mobile quarter, according to a report from the National Statistics Institute (INE) released Tuesday, which represented no substantial changes from the previous three months.

• Wednesday, November 30th 2022 - 10:16 UTC

  Foreign investment in Latin America still below pre-pandemic levels

  

  Despite a 40.7% growth from 2021, Foreign Direct Investments (FDI) in Latin America continue to be below the levels recorded before the COVID-19 pandemic, according to a report released Tuesday in Santiago by the Economic Commission for Latin America and the Caribbean (ECLAC).