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MercoPress, en Español

Montevideo, April 4th 2025 - 23:35 UTC

Economy

  • Monday, January 13th 2025 - 06:44 UTC

    IMF warns Milei about increasing poverty amid exchange rate controls

    Milei hopes things will get better after Trump's inauguration

    Despite approving Argentine President Javier Milei's management in a broad way, the International Monetary Fund suggested the South American country should pay more attention to exchange rate arrears and the increasing poverty.

  • Thursday, January 9th 2025 - 17:18 UTC

    Falklands unveils new banknote design featuring King Charles III and local wildlife

    Prototype £5 note

    The Falkland Islands has debuted its first new banknote design in over four decades, with plastic notes featuring King Charles III and iconic local wildlife, including a king penguin.

  • Thursday, January 9th 2025 - 09:44 UTC

    Leading risk rating agency further ups Paraguay's gradings

    Paraguay is a giant “firmly re-emerging on the right path!,” Peña wrote on X

    Paraguay's review by the international rating agency Standard & Poor's (S&P) has been upgraded from “stable to positive,” it was announced Wednesday in Asunción, as President Santiago Peña welcomed this new recognition.

  • Wednesday, January 8th 2025 - 06:30 UTC

    Argentina: BCRA monthly survey projects inflation in 2025 to stand at 25.9%

    The BCRA's REM foresaw inflation to stand at 117.8% in 2024 and 25.9% this year

    Argentina's Central Bank's (BCRA) latest issue of the Market Expectations Outlook (Relevamiento de Expectativas del Mercado - REM) released Tuesday in Buenos Aires foresaw that December's Consumer Price Index (CPI) to be announced next week by the National Institute of Statistics and Census (Indec) would stand at 2.7% for an annual rate of 117.8%.

  • Tuesday, January 7th 2025 - 08:15 UTC

    Argentina's automotive industry forecast to bounce back this year

    “With a clear strategy and concrete measures, 2025 looks like a favorable year for the automotive industry,” Zuppi hoped

    Argentina's carmaking industry posted a 17.1% contraction in 2024, with an output of 506,571 units, a report from the Association of Automotive Manufacturers (ADEFA) released this week showed. Nevertheless, production is expected to reach 600,000 units this year.

  • Tuesday, January 7th 2025 - 07:13 UTC

    Indonesia joins BRICS as full member, Brasilia confirms

    Brazil took over the bloc's rotating presidency on Jan. 1.

    Brazil's government confirmed Monday that Indonesia had joined the BRICS bloc as a full member, making it the first country to do so this year, Agencia Brasil reported. The alliance now has the fourth largest population on the planet, with the new partner's 284 million inhabitants making it the 10th largest economy in terms of purchasing power parity, according to the World Bank.

  • Monday, January 6th 2025 - 09:02 UTC

    Bolivian inflation soars amid political unrest and poor weather

    Road blockades promoted by former President Evo Morales in US$ 3 billion worth of losses

    According to a report released Sunday by Bolivia's National Statistics Institute (INE), the South American country's inflation last year stood at 9.97% amid poor weather, social conflicts, and road blockades that deteriorated the economy considerably. INE Director Humberto Arandia also pointed out that the 2024 figure was the highest in the last 16 years.

  • Saturday, January 4th 2025 - 11:06 UTC

    Argentina: Footwear manufacturing plant shutdown represents 360 layoffs

    In 2024, the Brazilian Grupo Dass manufactured 7.8 million pairs in Argentina

    Argentina's chainsaw policies with a US dollar so low that everything is expensive nationwide are beginning to take its toll on the local industry: The Grupo Dass sports footwear manufacturing plant in Coronel Suarez, in the province of Buenos Aires, has been closed down - it used to manufacture articles for the brands Adidas, Nike, and Fila.

  • Saturday, January 4th 2025 - 10:27 UTC

    Paraguay's Economy Minister praised by leading world publication

    Fernández Valdovinos was also praised for his work as President of the Central Bank of Paraguay under former President Horacio Cartes

    Paraguay's Economy Minister Carlos Fernández Valdovinos was singled out by the London-based The Banker publication for issuing bonds in guaraníes and the South American country's handling of the corruption issues that pop up. The outlet also recognized the finance ministers of France, Vietnam, Qatar, Morocco, and Chile for their management of the economy, growth policies, crisis response, and leadership skills.

  • Saturday, January 4th 2025 - 00:32 UTC

    Third-largest ever outflow of dollars recorded in Brazil

    Sidney predicted that the Selic basic interest rate would rise to 15% until June to then go downwards

    A total of US$ 15.918 billion fled Brazil in 2024, which represented the third-largest annual leakage ever behind consecutive negative balances in 2019 (US$ 44.768 billion) and 2020 (US$ 27.923 billion), the Central Bank (BCB) reported this week. Last year's financial flow was negative by US$84.396 billion after outflows (US$ 674.385 billion) outpaced inflows (US$ 589.989 billion).