Economy

• Wednesday, August 24th 2022 - 09:40 UTC

  Latin America's economy reported to be slowing down

  

  Latin America's Gross Domestic Product (GDP) has been reported to be slowing down, with a 2.7% expansion projected for the end of 2022, according to an Economic Commission for Latin America and the Caribbean (ECLAC) report released in Santiago on Tuesday.

• Wednesday, August 24th 2022 - 09:31 UTC

  Inflation in Argentina hits working-class neighborhoods harder

  

  According to a report by the Institute of Social, and Economic Research (Isepci) released Tuesday, inflation in suburban Buenos Aires where most working-class people reside, reached 11% in July, which is tantamount to saying it was 5 percentage points above the country's 6% average as per National Institute of Statistics and Census (Indec) figures.

• Tuesday, August 23rd 2022 - 10:10 UTC

  Brazil consolidates as China's main supplier of agriculture produce

  

  A new agreement to facilitate exports from the Brazilian agribusiness sector to China has been described by market experts in Sao Paulo as crucial to inaugurating the “biggest era of market openness in the last ten years” between the two countries.

• Tuesday, August 23rd 2022 - 10:06 UTC

  Paraguay's exports in seven months reached US$ 5,8bn; Mercosur represents 63%

  

  In the first seven months of this year, Paraguayan exports totaled US$ 5,8 billion and involved 136 countries. Data from the country’s Ministry of Finance show Brazil (36%) and Argentina (24.9%) as the main buyers, which added to Uruguay, Mercosur represents 63.1% of foreign sales.

• Tuesday, August 23rd 2022 - 10:01 UTC

  Home buyers rebellion in China: protestors in 100 cities refuse to pay mortgages on undelivered homes

  

  China is again facing a challenging real estate situation, with homeowners in different provinces refusing to pay mortgages on their undelivered, unfinished flats. This is happening only two months ahead of the Chinese communist party congress when comrade Xi Jinping is expected to confirm a third five-year term, following on the constitutional change of 2018 that scrapped presidential term limits.

• Tuesday, August 23rd 2022 - 09:27 UTC

  Yet another month of trade deficit for Argentina

  

  Argentina's trade balance came out in the red in July of 2022 after yielding a US$ 437 million deficit, the National Institute of Statistics and Census (Indec) showed Monday in a report.

• Monday, August 22nd 2022 - 17:32 UTC

  Fuel goes up at pumps in Argentina, but below inflation

  

  Argentina's state-run oil company increased the price of fuel at pumps by 7.5% on average Sunday but it remained well below figures in neighboring cities abroad. The accumulated devaluation since the last naphtha adjustment is 16%.

• Monday, August 22nd 2022 - 10:07 UTC

  Massa appoints Argentina's new Secretary of Economic Programming

  

  Argentina's Superminister Sergio Massa, who is not an economist himself despite having been entrusted with what used to be 3 Ministries (Economy, Agriculture and Production) Sunday confirmed through social media Gabriel Rubinstein would be joining his team as Secretary of Economic Programming.

• Monday, August 22nd 2022 - 09:33 UTC

  Santos outperforms other Brazilian ports, despite a drop in overall throughput

  

  As a lingering consequence of the covid-19 pandemic and a slowdown of the Chinese economy, cargo throughput in Brazilian ports fell by 3.3% in the first half of the year compared to the same period of 2021. On the other hand, the Port of Santos recorded an increase of 5.6% over the same period. The data are included in a report published by Brazil’s National Waterway Transportation Agency (Antaq).

• Saturday, August 20th 2022 - 09:37 UTC

  Uruguay's Ancap profitable despite adjusting prices below import parity

  

  Uruguay's state-run oil company Ancap yielded profits of US$128 million for the first semester of 2022 despite adjusting prices below the import parity price (IPP), it was announced Friday in Montevideo.