Economy

• Wednesday, April 13th 2011 - 05:41 UTC

  IMF approves Uruguay’s performance but road ahead has many uncertainties

  

  Uruguay’s growth estimate for this year remains at 5% but is forecasted at 4.2% for 2012 with warnings on the economy’s over-heating, significant inflow of capital and inflation, according to the IMF World Economic Outlook released this week. In 2010 the Uruguayan economy expanded 8.5%.

• Wednesday, April 13th 2011 - 05:11 UTC

  US trade deficit shrank in February but with overall trade falling

  

  The US trade deficit shrank in February as imports fell more than exports, according to a government report that suggested a slowdown in global demand. The monthly trade gap totalled 45.8 billion US dollars, down from an upwardly revised estimate of 47 billion in January.

• Wednesday, April 13th 2011 - 04:30 UTC

  China and Brazil agree to further expand their strategic partnership

  

  China and Brazil on Tuesday clinched a host of government agreements and economic deals in Beijing to enhance their strategic partnership as Brazilian President Dilma Rousseff paid her first state visit to China.

• Wednesday, April 13th 2011 - 04:07 UTC

  John Perkins latest book, the challenge of a blueprint for a new global economics

  

  By David Michaels (*) “Hoodwink” is John Perkins latest book and a blueprint for a new form of global economics, far from predatory capitalism that must put an end to the old formula of “the few benefiting at the expense of the many”.

• Wednesday, April 13th 2011 - 00:34 UTC

  IMF says much more can be done to rein in fiscal deficits and debts

  

  The outlook for government debts and deficits in 2011 is a mixed bag, with most advanced economies reining in fiscal deficits, but not fast enough to keep their debt from rising. Fiscal balances are improving in most emerging economies, and some could do more as they experience a windfall from high commodity prices and strong capital flows.

• Wednesday, April 13th 2011 - 00:24 UTC

  Chile with some of the worst social indicators among the 34 OECD members

  

  Chile has some of the worst social indicators of the 34 countries that make up the Paris based Organization for Economic Cooperation and Development, according to the latest releases from the group.

• Tuesday, April 12th 2011 - 23:17 UTC

  Decline of bee population becomes a threat for Chile’s fruit industry

  

  The Chilean fruit industry is being threatened by the rapid decline of the country’s bee population, a product by the country’s ongoing drought.
  Water shortages across central Chile are withering the flower buds, depriving bees of their sustenance, the nectar.

• Tuesday, April 12th 2011 - 21:26 UTC

  IMF calls on the US to tackle the deficit and help financial markets stability

  

  There is an urgent need for the United States to tackle the deficit in the government's finances since the size of the exposure risks creating instability in the financial markets, according to the International Monetary Fund. However the IMF says the global economic recovery is gaining strength.

• Tuesday, April 12th 2011 - 21:18 UTC

  Inflation contagion in Latin America with the exception of Mexico, says IMF

  

  Inflation risks are building in all Latin American countries except Mexico, where price gains are low and economic expansion should outpace Brazil this year, according to the the International Monetary Fund World Economic Outlook.

• Tuesday, April 12th 2011 - 20:48 UTC

  EU makes effective tough new fisheries control system from “net to plate”

  

  A new system of fishery control with continent-wide, common rules and penalties is now fully operational, the European Commission said on Tuesday.