Economy

• Wednesday, September 1st 2021 - 09:54 UTC

  Latin America and Caribbean expected to grow 5.9% in 2021, ECLAC says

  

  A new “Economic Study of Latin America and the Caribbean” report released Tuesday by the Economic Commission for Latin America and the Caribbean (ECLAC) raised its growth forecast for the region from 5.2% in July to 5.9%.

• Wednesday, September 1st 2021 - 09:24 UTC

  Inflation-15 in Brazil reached a twelve-month 9,30% in August

  

  The anticipated inflation for the eighth month of the year in Brazil, which measures the second half of July and the first half of August, reached 0,89% according to the official stats office IBGE and is the highest since August 2002.

• Wednesday, September 1st 2021 - 09:20 UTC

  Chilean central bank surprises markets: basic interest rate doubled to 1,5%

  

  The Monetary Council of the Chilean central bank surprised markets on Monday by deciding to increase the basic interest rate 75 base points to 1,5%, the highest jump since August 2001. According to a bank release, the decision from the council was unanimous, and well beyond market expectations that had estimated an increase of 25 to 50 base points.

• Wednesday, September 1st 2021 - 09:03 UTC

  Bolivia's economy shows positive signs of recovery

  

  Bolivia's General Index of Economic Activity (IGAE) showed an 8.7% growth in the first semester of 2021, Economy and Public Finance Minister Marcelo Montenegro announced Tuesday.

• Tuesday, August 31st 2021 - 09:50 UTC

  Price of fuel goes down in Uruguay as of September

  

  The Government of Uruguay Monday announced a small reduction in the price of fuel at pumps due to the use -for the first time- of the new Import Parity Price (PPI) adjustment formula devised by the current administration.

• Tuesday, August 31st 2021 - 09:45 UTC

  Mercosur meat exports facing shortage of containers and regular vessels

  

  Disruptions of global maritime transport and major rivers struck by insufficient water flow to allow vessels to navigate are threatening beef exports Mercosur, including Brazil, Uruguay and Paraguay, when prices for food commodities are rising all over the world.

• Tuesday, August 31st 2021 - 09:08 UTC

  Brazil confident soybeans harvest will confirm it continues as the world's leader in the oilseed production

  

  Brazil's National Supply Company, Conab, anticipated forecasts for the coming grains and oilseeds season 2021/22. The soy crop is expected to reach some 141,26 million tons or a 3.9% increase over the current harvest.

• Monday, August 30th 2021 - 09:17 UTC

  Pandemic, unemployment and inflation increasing Brazilian families debts

  

  The percentage of Brazilian indebted families reached 72,9% in August, considered a new record and a direct consequence of the economic hardships because of the pandemic, unemployment and inflation, according to a release from the National Confederation of Retail, Services and Tourism, CNC.

• Monday, August 30th 2021 - 08:14 UTC

  Chilean central bank expected to hike the basic rate 25 points to 1%

  

  The Chilean central bank made public on Friday its latest Survey of Financial Operators, ahead of the Monetary Policy meeting scheduled to take place next Tuesday when most market analysts anticipate the bank will decide on a 25 points increase to its basic Monetary Policy rate from 0,75% to 1%.

• Monday, August 30th 2021 - 07:23 UTC

  US markets at new highs, following on the Fed's chair announcement

  

  Wall Street climbed on Friday while S&P and Nasdaq reached new historic highs for the fourth time in the week following on statements from Fed chairman Jerome Powell at the Jackson Hole symposium when he anticipated a moderate, non-aggressive calendar reduction in the purchase of bonds.