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MercoPress, en Español

Montevideo, December 10th 2025 - 07:47 UTC

Economy

  • Wednesday, September 17th 2025 - 10:45 UTC

    Sharp fall in unemployment reported in Brazil

    The employment level stood at a record high of 58.8%

    A report released Tuesday by Brazil's Institute of Geography and Statistics (IBGE) showed a significant drop in the unemployment rate in the quarter ending in July, which stood at 5.6%, the lowest since records began in 2012. In the previous rolling quarter, the rate was 5.8%.

  • Tuesday, September 16th 2025 - 21:06 UTC

    Mercosur, EFTA sign FTA in Rio de Janeiro

    Negotiations began in 2017 in Buenos Aires

    The Southern Common Market (Argentina, Brazil, Paraguay, and Uruguay) and the EFTA states (Iceland, Liechtenstein, Norway, and Switzerland) signed a Free Trade Agreement (FTA) on Tuesday in Rio de Janeiro, Brazil, creating a zone of nearly 300 million people with a combined GDP of over US$4.3 trillion.

  • Tuesday, September 16th 2025 - 10:50 UTC

    Uruguay: Economy grows 2.1% in 2Q of 2025

    Oddone stressed that the government's expectations for the next five years were “feasible”

    Uruguay's economy grew by 2.1% in the second quarter of 2025 compared to the same period in 2024, according to a report released on Monday by the Central Bank (BCU), which also noted a 0.4% growth from the previous quarter.

  • Tuesday, September 16th 2025 - 09:55 UTC

    Milei outlines Budget Bill in broadcast message: “The worst is over”

    He proposed spending increases on many items in a move to bounce back from his lacklustre momentum

    In a recorded broadcast message, Argentine President Javier Milei outlined the 2026 Budget Bill sent to Congress, asserting that “the worst is over” for the country's economy.

  • Monday, September 15th 2025 - 08:53 UTC

    Trump entices foreign investors to bring skilled labor to US

    “If we didn’t do this, all of that massive investment will never come in the first place,” Trump also pointed out

    US President Donald Trump has called on foreign companies investing in his country to bring on their skilled personnel to train American workers in the manufacturing of complex products.

  • Saturday, September 13th 2025 - 10:55 UTC

    Mercosur-EFTA deal ready to be signed next week

    The ceremony will take place in Rio de Janeiro, chaired by Brazil's FM Mauro Vieira

    The Southern Common Market (Mercosur) is to sign a Free Trade Agreement (FTA) with the European Free Trade Association (EFTA) next Tuesday in Rio de Janeiro, it was announced on Friday. EFTA groups Norway, Switzerland, Iceland, and Liechtenstein, which will now partner with Argentina, Brazil, Paraguay, Uruguay, and Bolivia.

  • Friday, September 12th 2025 - 10:40 UTC

    Mercosur-UAE FTA 80% through

    Trade links between Mercosur and the United Arab Emirates have gained relevance in the last decade

    The Paraguayan Government of President Santiago Peña announced on Thursday that the ongoing negotiations with the United Arab Emirates to sign a Free Trade Agreement (FTA) with the Southern Common Market (Mercosur) were full steam ahead.

  • Thursday, September 11th 2025 - 09:44 UTC

    Argentina: August's inflation stands at 1.9%

    The rise in the US dollar did not have a major impact on retail prices

    Argentina's National Institute of Statistics and Censuses (Indec) released its monthly report on Wednesday, showing that inflation in August stood at 1.9%, thus extending a trend of slowing price increases.

  • Wednesday, September 10th 2025 - 10:23 UTC

    IMF supports Argentina despite electoral setback

    Argentina's economy calmed down on Tuesday after a hectic Monday following the Buenos Aires elections

    The International Monetary Fund (IMF) publicly reaffirmed on Tuesday its support for the Argentine Government's economic program despite Sunday's electoral loss in the province of Buenos Aires. This move is seen as a crucial effort to calm markets that reacted with panic to the election results.

  • Monday, September 8th 2025 - 19:15 UTC

    Argentina: Dollar jumps after Sunday's midterm elections in BA province

    According to the IDB, Argentines could be suffering from “social fatigue” given Milei's austerity measures

    The results of Sunday's midterm elections in the Argentine province of Buenos Aires pushed the US dollar above the AR$1,400 cap, given the poor performance of President Javier Milei's La Libertad Avanza (LLA) and, with it, the resurrection of Peronism-Kirchnerism. In addition, Argentine stock abroad fell sharply, coupled with a spike in the country's risk rating.