Economy

• Saturday, April 30th 2022 - 09:54 UTC

  Slowdown deepens in Latin America with regional growth forecasted at 1,8% this year, ECLAC report

  

  The economies of Latin America and the Caribbean face a complex situation in 2022 because of the Russia/Ukraine war with its shadow of uncertainty for the world economy. This is negatively affecting global growth, and at regional level, lower expected growth will be accompanied by higher inflation and slower employment recovery.

• Saturday, April 30th 2022 - 09:40 UTC

  Chinese citizens, economy fear measures more than they fear COVID-19 itself

  

  The COVID-19 pandemic has almost the whole world going in one direction and China doing quite the opposite and measures of the utmost severity have led to the strict confinement of some 343 million people to enforce a “zero-tolerance” policy as cases of the Omicron variant keep being detected through mass, compulsory testing.

• Friday, April 29th 2022 - 09:56 UTC

  Mercosur-Europe FTA now or never, EU diplomat in Buenos Aires says

  

  The European Union's Ambassador to Argentina said Thursday that if the trade agreement between the EU and Mercosur was to be revived it was now or never.

• Thursday, April 28th 2022 - 10:58 UTC

  Argentina: Milei would never run alongside lukewarm doves who rejected him

  

  Argentine Libertarian Deputy Javier Milei replied that Kirchnerism is back “because of the failure of the model of the lukewarm doves” of Juntos por el Cambio.

• Thursday, April 28th 2022 - 09:00 UTC

  The Gathering Stagflationary Storm

  

  By Nouriel Roubini (*) – While recent shocks have made the current inflationary surge and growth slowdown more acute, they are hardly the global economy’s only problems. Even without them, the medium-term outlook would be darkening, owing to a broad range of economic, political, environmental, and demographic trends.

• Wednesday, April 27th 2022 - 21:20 UTC

  Argentina's fiscal reserves in doubt as inflationary recalculations needed

  

  International Monetary Fund (IMF) Director for the Western Hemisphere Ilan Goldfajn admitted inflation guidelines outlined in Argentina's recent agreement with the financial agency needed to be modified to reflect a steep variation in prices.

• Tuesday, April 26th 2022 - 09:45 UTC

  Chilean president pledges food subsidies for vulnerable families; inflation the highest in three decades

  

  Chilean president Gabriel Boric said his government was preparing a mechanism to help vulnerable families pay for their basic food basket, which is to be financed with subsidies.

• Monday, April 25th 2022 - 20:55 UTC

  Milei gets 12,000 people to attend class on inflation in Mendoza

  

  Argentine Libertarian Deputy Javier Milei Sunday insisted on dollarizing the country's economy during a rally in Mendoza where he also vowed that such would be his first step if elected President in 2023.

• Monday, April 25th 2022 - 09:30 UTC

  UK inflation: Salmon farming company agrees to pay above the real Living Wage, £10.40 per hour

  

  Scottish Sea Farms, now the country’s second-largest producer of farmed salmon, has committed to paying above the real Living Wage in a bid to help those of its employees and their families hit hardest by the soaring cost of living.

• Friday, April 22nd 2022 - 09:55 UTC

  Brazil's Economy Minister says Europe keen on Mercosur deal

  

  Brazil's Economy Minister Paulo Guedes Thursday said he had heard from European representatives a renewed interest in closing a trade deal with Mercosur.