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MercoPress, en Español

Montevideo, October 23rd 2025 - 05:02 UTC

Economy

  • Saturday, August 29th 2009 - 10:01 UTC

    Chile has the lowest inflation rate in Latinamerica

    Venezuela is at the other end of the list with 15% inflation in seven months

    International banking authorities reported this week that Chile has the lowest inflation of any Latin American country, with an accumulated rate of -1.2% through July.

  • Saturday, August 29th 2009 - 09:56 UTC

    Economy minister confirms Argentina warming up to IMF

    Amado Boudu, “50%/50% chance” that article IV auditing will effectively occur

    Economy Minister Amado Boudou said Argentina is a member of the International Monetary Fund and the government is trying to participate and establish a new relation but “giving Argentina's own perspective to decide where the IMF must head to.”

  • Saturday, August 29th 2009 - 09:40 UTC

    Bad, but good news from the UK economy: decline easing

    The UK annual drop of 5.5% remains the biggest since records began in 1955.

    The rate of contraction of the UK economy in the three months from April to June has been reduced by the Office for National Statistics (ONS). Gross domestic product (GDP) has been revised to a fall of 0.7% from 0.8% compared with the previous quarter.

  • Friday, August 28th 2009 - 19:48 UTC

    Spanish economy keeps contracting in the second quarter: down 1.1%

    Economy Secretary Campa expects Spain to rebound in the second quarter of 2010

    The Spanish economy shrunk more than expected in the second quarter in contrast with signs of recovery in France and Germany, according to the latest release from the Statistics Institute. Second quarter GDP contracted 1.1% quarter-on-quarter, a slight improvement on the first quarter when the economy shrunk 1.6%, mostly due to a hefty state stimulus spending plan.

  • Friday, August 28th 2009 - 19:45 UTC

    Number of problem US banks the highest in 15 years

    FDIC chairman Sheila Bair

    The number of problem US banks rose to the highest level in 15 years between April and June, the industry's regulator has revealed. The Federal Deposit Insurance Corporation (FDIC) said 416 banks had failed its test criteria during the quarter, up 111 from January to March.
    It added that 81 US banks had now been forced to close this year.

  • Thursday, August 27th 2009 - 15:43 UTC

    Latam foreign trade forecasted to plunge a record 13% this year

    Cepal Director Alicia Barcena says the region should prepare for when full –recovery

    Latin American and Caribbean countries total volume of trade is expected to fall 13% in 2009 from the previous year due to the impact of the global economic crisis, according to a report from the United Nations' economic commission for the region, Cepal.

  • Thursday, August 27th 2009 - 08:45 UTC

    China has come to the rescue of Latinamerican exports, says Cepal

    Latinamerican exports to China dropped 4.1% compared to 36.3% and 35.3% to the EU and the US

    China’s sustained demand for food, energy and minerals has helped Latinamerican countries to stimulate their economies and contain the negative impact of the current global recession, according to the latest report from the United Nations Economic Commission for Latinamerica and the Caribbean, Cepal.

  • Thursday, August 27th 2009 - 08:30 UTC

    British households suffering from “worklessness” soars to 3.3 million

    The number of UK children in workless households was 1.9 million in June

    The British government was accused of “deserting” millions of people after official figures showed the number of households in the UK with no one over the age of 16 working has increased by 240,000 in the past year to 3.3 million.

  • Wednesday, August 26th 2009 - 08:57 UTC

    Argentina’s finances increasingly in the red

    Minister Boudou anticipated Argentina will return to the international money market

    The Argentine Central Bank helped the Treasury with 3 billion Pesos (approximately 790 million US dollars) during June to cover the gap caused by exceptional outlays because of the mid term elections.

  • Wednesday, August 26th 2009 - 02:01 UTC

    Skyrocket US budget deficit: tax rise once recession is over

    US Executive and Congress shocked at the several trillion US dollars deficit

    The US budget deficit will soar to almost 1.6 trillion US dollars this year, the highest on record, both the White House and Congress have warned. Fuelled by President Obama's 787 billion stimulus package and reduced tax revenues due to the recession, it compares with a 455 billion US dollars deficit in 2008.