Economy

• Tuesday, January 18th 2022 - 09:43 UTC

  ILO forecasts somber future LatAm, Caribbean and southeast Asia

  

  The International Labor Organization (ILO) Monday said the most encouraging signs of economic recovery were noticeable in North America and Europe, while the most negative prospects were registered in Southeast Asia, Latin America, and the Caribbean.

• Monday, January 17th 2022 - 09:50 UTC

  Annual inflation in Patagonia reached 51,6% in 2021, despite many government regulated prices

  

  The Consumers Price Index in Argentine Patagonia, mainly Tierra del Fuego, was 3,1% in December accumulating 51,6% in the twelve months of 2021, in the range of the overall Argentine inflation last year, 50,9%.

• Monday, January 17th 2022 - 09:00 UTC

  Paraguay closes 2021 with sizeable trade surplus

  

  The year 2021 closed for Paraguay with a trade surplus of US $ 941 million, according to the Advance Foreign Trade Report (RCE) for December 2021, published by the Undersecretary of State for the Economy (SSEE) of the Finance Ministry.

• Saturday, January 15th 2022 - 10:09 UTC

  The most luxurious vacation properties in Uruguay: Up to US$ 250,000 per fortnight

  

  For some years now, luxury vacationers are increasingly enjoying Eastern Uruguay's coastline. Beach towns such as José Ignacio, Manantiales or Miamesque Punta del Este are hosts to thousands of tourists that are giving an air of increasing exclusivity to these places.

• Thursday, January 13th 2022 - 10:02 UTC

  Record 2021 trade surplus in Brazil, but complaints about the economy becoming commodities dependent

  

  Brazil managed a US$ 61,01 billion surplus in its trade balance in 2021, which is 21% higher than the US$ 50 billion of 2020 and the best performance since current stats were officially recorded beginning 1989.

• Thursday, January 13th 2022 - 09:59 UTC

  Meat consumption in Argentina fell despite cap on exports

  

  Argentina has recorded a 4.8% decline in meat consumption per inhabitant despite caps on exports imposed by the administration of President Alberto Fernández, which allegedly sought to prioritize the domestic market.

• Thursday, January 13th 2022 - 09:59 UTC

  Latin America forecasted to grow a soft 2,6% in 2022 and 2,7% in 2023, World Bank

  

  Growth in Latin America and the Caribbean region (LAC) rebounded to an estimated 6.7% in 2021, driven by favorable external conditions and pandemic-related developments, according to the World Bank's Global Economic Prospects. Region-wide new COVID-19 cases dropped sharply in the second half of the year, before surging in late December, even as the vaccination rollout progressed. Strong demand in key export destinations (the United States and China), high commodity prices, and continued high remittances to Central American and Caribbean countries were also supportive of growth in 2021.

• Thursday, January 13th 2022 - 09:48 UTC

  World economy is facing Covid-19, inflation and policy uncertainty, Global Economic Prospects

  

  Following a strong rebound in 2021, the global economy is entering a pronounced slowdown amid fresh threats from COVID-19 variants and a rise in inflation, debt, and income inequality that could endanger the recovery in emerging and developing economies, according to the World Bank’s latest Global Economic Prospects report. Global growth is expected to decelerate markedly from 5.5% in 2021 to 4.1% in 2022 and 3.2% in 2023 as pent-up demand dissipates and as fiscal and monetary support is unwound across the world.

• Thursday, January 13th 2022 - 09:45 UTC

  ECLAC foresees growth rate in 2022 around one third of that of 2021

  

  Growth in Latin America and the Caribbean will slow down in 2022 to 2.1%, after a 6.2% increase on average last year, the Economic Commission for Latin America and the Caribbean (ECLAC) forecast Wednesday in a study.

• Wednesday, January 12th 2022 - 09:55 UTC

  Brazil's inflation for 2021 reaches 10.06%

  

  Brazil's inflation for the year 2021 has reached 10.06%, which was the country's highest in the past six years, driven mainly by the rise in fuel prices and by the energy crisis, the Brazilian Institute of Geography and Statistics (IBGE) announced Tuesday.