Economy

• Tuesday, October 11th 2022 - 10:29 UTC

  World Bank, IMF heads foresee recession ahead

  

  The planet must prepare itself for a full-size recession, according to forecasts announced Monday by the heads of the International Monetary Fund (IMF) and the World Bank, who spoke of economic headwinds ahead.

• Monday, October 10th 2022 - 18:55 UTC

  Nobel Economics Prize split among 3 US scholars

  

  The Nobel Prize in Economics was awarded to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig of the United States “for their research on banks and financial crises,” it was announced in Stockholm Monday.

• Saturday, October 8th 2022 - 10:16 UTC

  Uruguay launches stamp, announces coin commemorating Andes plane crash

  

  Uruguayan President Luis Lacalle Pou Friday took part in a ceremony marking the 50th anniversary of the so-called Andes tragedy, an airplane crash that made history since many victims survived after being left for dead.

• Saturday, October 8th 2022 - 10:13 UTC

  Colombian president desists from taxing extractive industries

  

  The government of president Gustavo Petro is back stepping from one of his electoral campaign pledges, taxing extractive industries to have Colombia rapidly transit a green, environment friendly economy.

• Saturday, October 8th 2022 - 10:05 UTC

  Argentina passes IMF test, gets US$ 3.8 billion

  

  The International Monetary Fund's Board of Directors Friday approved the 2022 second semester review, thus clearing the way for a US$ 3.8 billion disbursement in favor of Argentina.

• Friday, October 7th 2022 - 10:20 UTC

  Blinken discusses bilateral issues with Boric in Santiago

  

  US Secretary of State Antony Blinken met with Chilean President Gabriel Boric Font Wednesday at the Palacio de la Moneda, in Santiago, to discuss further investments in the South American country, it was reported.

• Friday, October 7th 2022 - 10:18 UTC

  Brazil files key memorandum to join OECD

  

  The Government of Brazil has taken yet another step toward joining the Organization for Economic Cooperation and Development (OECD) by sending the initial memorandum of accession, it was reported Thursday. The OECD brings together the most industrialized economies on the planet.

• Friday, October 7th 2022 - 09:53 UTC

  Latin American economies at pre-pandemic levels but GDPs hide much poverty and inequality

  

  “Latin American and Caribbean economies have recovered their pre-pandemic levels and the region recovered certain feeling of normality, although the overall economy must rebuild to avoid a new cycle of low growth,” points out the latest from the World Bank under the heading of “New approaches to closing the Fiscal Gap.”

• Thursday, October 6th 2022 - 10:38 UTC

  Argentines striving between childhood poverty and indigence, CFK's favorite economist pointed out

  

  Following last week's figures from Argentina's National Institute of Statistics and Census (Indec) pointing out that 50% of the country's children under 15 lived in poverty, researcher Agustín Salvia said the data were “in line with what was expected.”

• Thursday, October 6th 2022 - 10:09 UTC

  Liz Truss after long term gas provision deals with Norway and Qatar

  

  The new government of Liz Truss is focusing in long-term gas deals with Norway, Qatar and other countries, as energy supply has become the priority of the United Kingdom and ensuring heating and lights this winter.