Economy

Saturday, April 8th 2023 - 10:13 UTC
Argentina: inflation projections take turn for the worse

Leading Argentine economists foresee the country's inflation in 2023 might reach 110%, a 10.2 % increase from previous projections, it was explained in Buenos Aires. The projection thus reached three digits for the first time since the REM was implemented.
Thursday, April 6th 2023 - 16:21 UTC
Argentina officially rejoins Unasur to play a leading role in its “revitalization”

Argentina made official its return to the Union of South American Nations (Unasur), founded in 2009 and from which it had left in 2019, to “promote its institutional revitalization and build an increasingly integrated region,” official sources said Thursday.
Thursday, April 6th 2023 - 14:21 UTC
Lula's administration announces orthodox fiscal goals, to help combat inflation expectations

The Brazilian administration of President Lula da Silva finally unveiled new fiscal rules to try and balance limits on spending growth, which have collided with promises of higher social programs, government investment, and independent central bank high-interest rates, all of which have created uncertainty about his commitment to combat inflation.
Thursday, April 6th 2023 - 10:19 UTC
IMF says Paraguay has good macroeconomic performance

A statement from the International Monetary Fund (IMF) released in Asunción on Wednesday highlighted Paraguay's macroeconomic performance and underlined that the South American country met the goals set for the end of 2022, after implementing a two-year technical support program from the global agency.
Wednesday, April 5th 2023 - 10:11 UTC
Argentina: Minister Massa discusses trade with group of US Senators

Argentina's Economy Minister Sergio Massa met Tuesday in Buenos Aires with a group of US Senators to discuss economic and political cooperation in order to face the challenges posed by the new global reality.
Tuesday, April 4th 2023 - 22:07 UTC
Dramatic report from the World Bank, on long term growth

The World Bank warned of a slow-growth crisis in the global economy that could persist over the coming decade unless governments worldwide adopt what it calls “sustainable, growth-oriented policies.” The dramatic document is titled “Failing Long-Term Growth Prospects.”
Tuesday, April 4th 2023 - 21:30 UTC
Brazil ready to supply Argentina with soybeans for the its crushing industry

Brazil has enough potential to supply up to half of the soybeans that Argentina will import to keep its industrial park running in the face of the historic drought that ravaged the 2022/23 crop in the country, which is usually the largest exporter of soy oil and soy meal in the world.
Tuesday, April 4th 2023 - 09:41 UTC
Twitter stunt by Elon Musk results in cryptocurrency soaring

Twitter adopting Dogecoin's Japanese Shiba Inu dog symbol as the brand's logo resulted in an increase in value of over 26%, it was reported.
Monday, April 3rd 2023 - 09:50 UTC
UK economy just avoided recession in 2022, pushed by 0,1% growth in fourth quarter

The UK economy avoided recession in the second half of last year, posting 0.1% growth in the fourth quarter. The original estimate for GDP, between October and November, released by the Bank of England in mid-February had shown zero growth.
Monday, April 3rd 2023 - 09:24 UTC
China and Brazil reach accord to trade with their own currencies, avoiding the US dollar

China and Brazil have reached a deal to trade in their own currencies, ditching the US dollar as a common currency, the Brazilian government said on Wednesday, March 29. China has become Brazil's main trading partner.