Economy

• Tuesday, January 4th 2022 - 06:13 UTC

  Santa Claus turned out to be Spanish bank Santander: deposits in 2,000 business accounts were made twice

  

  Santa Claus apparently is Spanish bank Santander which deposited £130m into 75,000 accounts on 25 December. Santander's staff are now rushing to recover the money, although the job is being made more difficult because much of it was deposited in accounts at rival banks, according to The Times.

• Monday, January 3rd 2022 - 21:57 UTC

  Peru's inflation the highest in 13 years

  

  Peru's inflation for 2021 has reached 6.43%, thus becoming the highest in the last 13 years and twice as high as the Government's target range, set at 3%. It was also over three times over 2020's annual record of 1.97%.

• Monday, January 3rd 2022 - 09:56 UTC

  Strong recovery of employment in most of Chile

  

  Unemployment in Chile is down to 7,5%, the lowest since January 2020, according to the country's stats office INAE. The 7,5% figure is the seventh consecutive mobile quarter, (September-November), which has seen a systematic reduction in unemployment plus a simultaneous standing recovery of lost jobs, some 74,6% of the two million wiped out by the coronavirus pandemic.

• Monday, January 3rd 2022 - 09:27 UTC

  Mar del Plata fears offshore oil wells may end up damaging the city's economy

  

  Argentina's government has issued an environmental impact declaration for offshore oil drilling off the coast of Mar del Plata which has prompted voiceful objections from local residents, particularly Mayor Guillermo Montenegro of the opposition Juntos por el Cambio (JxC), while Federal Energy Secretary Darío Martínez welcomed the decision.

• Monday, January 3rd 2022 - 09:20 UTC

  The Euro at 20

  

  By Jean Pisani-Ferry (*) – Twenty years ago, on January 1, 2002, citizens of 12 European countries began using new euro banknotes and coins. A larger-than-life project – emblematic of a time when European leaders were bold enough to step into the unknown – thus became a tangible reality.

• Friday, December 31st 2021 - 09:22 UTC

  Brazil's Industry Confederation expects 1,2% to 1,8% GDP growth in 2022

  

  Brazil's GDP is forecasted to expand by 1,2% in 2022, according to the Brazilian National Industry Confederation (CNI). However since 2022 is an election year and public opinion is strongly divided, the estimate is simply that, an estimate, following on a reasonably dynamic 4,7% growth this year with record exports.

• Thursday, December 30th 2021 - 09:58 UTC

  Argentine peso drops yet again versus informal US dollar

  

  The unofficial exchange rate between the Argentine peso and the US dollar climbed just one more notch Wednesday, thus reaching an unprecedented high of AR $ 205 (buy) and AR $ 209 (sale) / US $ 1.

• Wednesday, December 29th 2021 - 10:18 UTC

  Argentine gov't and tourism service providers agree to keep prices stable

  

  The Government of Argentina Tuesday announced an agreement had been reached to keep prices frozen for the 2022 of all items related to tourism for the 2022 summer season.

• Wednesday, December 29th 2021 - 10:09 UTC

  Argentines expect in 2022, another record breaking inflation year, 51,3%

  

  Argentines expect that inflation in the next twelve months will reach on average 51,3%, according to the latest survey from the Torcuato Di Tella University. This is 0.9 percentage points higher than in the previous month of November when it was measured at 50,4%.

• Tuesday, December 28th 2021 - 20:28 UTC

  Paraguay's economy blooming after 2021; next year looks even better

  

  Paraguay's economy will close in 2021 with a growth of around 5% and good prospects for 2022, Finance Minister Oscar Llamosas announced in a radio interview.