Economy

• Friday, December 23rd 2022 - 14:15 UTC

  Brazil's trade surplus in 2023 expected to reach US$ 72 billion

  

  Despite the global economic slowdown, the Brazilian Foreign Trade Association, AEB, indicated that the largest economy in South America is projected to have a higher trade surplus in 2023. Next year's positive result is expected to reach US$ 71,9 billion, which would be 14,3% higher than the US$ 62,9 billion this year.

• Friday, December 23rd 2022 - 14:11 UTC

  UK economy contracts more than expected in the third quarter

  

  The UK economy heading for recession, contracted more than expected in the third quarter with GDP falling 0.3% against an estimated 0.2%, according to the Office for National Statistics.

• Thursday, December 22nd 2022 - 10:12 UTC

  Indec reports Argentina's unemployment in 3Q at 7.1%

  

  Unemployment in Argentina in the third quarter of 2022 was 7.1%, according to a National Institute of Statistics and Census (Indec) report released Wednesday.

• Wednesday, December 21st 2022 - 09:48 UTC

  Chile and EU agree on a new trade association which eliminates most tariffs and promotes investment

  

  The European Union and Chile reached an understanding to modernize their successful twenty years old trade association agreement, which is part of the EU strategy to diversify its suppliers of critical commodities for the green transition and at the same time cut its dependence from China.

• Tuesday, December 20th 2022 - 20:09 UTC

  Uruguay's economy growing above global pace, Lacalle says

  

  Uruguayan President Luis Lacalle Pou said that while the world's economy would grow by 2.9%, that of his country would do so by over 5% by the end of 2022.

• Tuesday, December 20th 2022 - 08:44 UTC

  New banknotes depicting King Charles III unveiled

  

  The Bank of England has released specimens of the new bills portraying King Charles III instead of his mother, the late Queen Elizabeth II, which are due to enter circulation in mid-2024.

• Tuesday, December 20th 2022 - 08:21 UTC

  Port of Santos privatization process frozen on request from the Brazilian Audits Court

  

  Three ministers from Brazil's Federal Court of Audits TCU asked last Friday for a reassessment of the privatization process of the Port of Santos administration. The issue should be put back into the discussion in 45 days. The rapporteur, Minister Bruno Dantas, suggested giving preference to the privatization of smaller ports before addressing Santos.

• Monday, December 19th 2022 - 19:09 UTC

  Slight adjustment to Brazil's inflation projection for 2022

  

  Brazil's National Wide Consumer Price Index (IPCA) is now expected to have grown 5.76% by the end of the year, a marginal drop from the 5.79% projected in the previous Focus Bulletin weekly report by South America's largest country's Central Bank.

• Monday, December 19th 2022 - 10:03 UTC

  Strike at most Brazilian airports still on after court proposal rejected

  

  Brazil's National Union of Aeronauts (SNA) announced that the strike planned for Monday at the main airports nationwide by pilots and flight attendants was still on after they rejected a proposal from the Superior Labor Court (TST).

• Saturday, December 17th 2022 - 09:51 UTC

  “Soybean dollar 2” working as planned for Argentine authorities

  

  Argentina's new version of the “Export Increase Program” (PIE) has resulted in US$ 1.824 billion worth of soybeans sold abroad, which nearly meets the government's target, it was reported Friday in Buenos Aires.