Economy

• Thursday, April 28th 2022 - 09:00 UTC

  The Gathering Stagflationary Storm

  

  By Nouriel Roubini (*) – While recent shocks have made the current inflationary surge and growth slowdown more acute, they are hardly the global economy’s only problems. Even without them, the medium-term outlook would be darkening, owing to a broad range of economic, political, environmental, and demographic trends.

• Wednesday, April 27th 2022 - 21:20 UTC

  Argentina's fiscal reserves in doubt as inflationary recalculations needed

  

  International Monetary Fund (IMF) Director for the Western Hemisphere Ilan Goldfajn admitted inflation guidelines outlined in Argentina's recent agreement with the financial agency needed to be modified to reflect a steep variation in prices.

• Tuesday, April 26th 2022 - 09:45 UTC

  Chilean president pledges food subsidies for vulnerable families; inflation the highest in three decades

  

  Chilean president Gabriel Boric said his government was preparing a mechanism to help vulnerable families pay for their basic food basket, which is to be financed with subsidies.

• Monday, April 25th 2022 - 20:55 UTC

  Milei gets 12,000 people to attend class on inflation in Mendoza

  

  Argentine Libertarian Deputy Javier Milei Sunday insisted on dollarizing the country's economy during a rally in Mendoza where he also vowed that such would be his first step if elected President in 2023.

• Monday, April 25th 2022 - 09:30 UTC

  UK inflation: Salmon farming company agrees to pay above the real Living Wage, £10.40 per hour

  

  Scottish Sea Farms, now the country’s second-largest producer of farmed salmon, has committed to paying above the real Living Wage in a bid to help those of its employees and their families hit hardest by the soaring cost of living.

• Friday, April 22nd 2022 - 09:55 UTC

  Brazil's Economy Minister says Europe keen on Mercosur deal

  

  Brazil's Economy Minister Paulo Guedes Thursday said he had heard from European representatives a renewed interest in closing a trade deal with Mercosur.

• Friday, April 22nd 2022 - 09:19 UTC

  Economic sanctions “destroy bridges” and stimulate “economic wars”, minister Guedes

  

  President Jair Bolsonaro Economy minister, Paulo Guedes said that Brazil clearly condemns the Russian invasion of Ukraine but is point blank against imposing economic sanctions on Moscow, a close BRICS partner.

• Thursday, April 21st 2022 - 09:59 UTC

  IMF: inflation is Argentina's main threat

  

  International Monetary Fund (IMF) Managing Director Kristalina Georgieva Wednesday said the greatest risk facing Argentina was inflation. She made those remarks during a speech at the Joint Assembly of the IMF and the World Bank in Washington, DC.

• Wednesday, April 20th 2022 - 09:44 UTC

  IMF revises Argentina's projected growth upwards

  

  The International Monetary Fund (IMF) has raised its projections for Argentina's growth during 2022 to 4%, it was reported Tuesday in Washington DC. These figures show an improvement from those released just days ago by other agencies such as the World Bank (3.6%).

• Tuesday, April 19th 2022 - 09:54 UTC

  Problems and challenges Brexit brought for the Falklands' economy still pending

  

  Brexit has “brought problems” for the Falkland Islands’ fishing industry, a Labour former defense minister has warned. Derek Twigg, chairman of the Falkland Islands All-Party Parliamentary Group (APPG), said there had “been a lot of concern” over the impact of the UK’s exit from the EU on Falkland Islands fishing exports, such as squid.