Economy

• Thursday, July 29th 2021 - 07:46 UTC

  Uruguay economy forecasted to grow 3,5% in 2021, with inflation above target, Central bank report

  

  The Uruguayan Central bank in its second-quarter Monetary Policy report forecasted a 3,5% expansion for the country's economy, the same as the estimate of the Finance ministry, but anticipated higher inflation because of an increase in public rates and commodities.

• Thursday, July 29th 2021 - 07:39 UTC

  Chilean agriculture short of manpower: some crops could remain without harvesting

  

  Chile's National Agriculture Society, SNA, has warned that up to 30% of crops could remain without harvesting because of a lack of manpower. SNA head Cristian Allendes participated in a conference on the labor problem and incentives to attract people to work in the fields, which was presented under the title of “How is the 2020/21 season coming along?”.

• Thursday, July 29th 2021 - 04:40 UTC

  Falklands agrees further economic support measures for community and businesses

  

  On Wednesday, ExCo agreed a further set of economic support measures for the community and local businesses, in light of the ongoing pandemic.

• Wednesday, July 28th 2021 - 09:40 UTC

  Uruguayans need to “get used” to price of petrol fluctuating, Energy Deputy Minister says

  

  Uruguay's Deputy Minister of Industry, Energy and Mining, Walter Verri hinted a new hike in the price of petrol was coming up in August and warned people will need to get used to such a mercurial behavior

• Wednesday, July 28th 2021 - 09:30 UTC

  Latina America forecasted to grow 5,8% in 2021, IMF Outlook

  

  The International Monetary Fund lifted previous 2021 growth forecasts for Latin America and the Caribbean to 5,8%, a significant advance over the last estimate from April, boosted particularly because of the good performances of the Brazilian and Mexican economies.

• Wednesday, July 28th 2021 - 09:10 UTC

  Argentina makes payment to Paris Club, loses reserves to cope with domestic demand of foreign currency

  

  Argentina Tuesday made a payment to the Paris Club which resulted in the country's reserves falling to the US $ 42,837 million, it was reported.

• Tuesday, July 27th 2021 - 07:39 UTC

  Chinese currency takes third place in global trade

  

  The Chinese yuan has taken third place among internationally-traded currencies in 2020, according to a Renmin University of China report released over the weekend, which also foresees it may continue to expand.

• Monday, July 26th 2021 - 17:50 UTC

  Brazil targets 300 million tons of grain for the 2024/25 harvest

  

  Brazil should collect more than 300 million tons of grain by the 2024/25 harvest, three seasons earlier than initially planned, according to new projections by the Ministry of Agriculture. The previous forecast was to reach the target in the 2027/28 cycle.

• Monday, July 26th 2021 - 08:46 UTC

  “State of Hydric Emergency” decreed throughout Argentine provinces within the Parana river basin

  

  Argentina Sunday declared a “water emergency” due to the historic downspout in the Paraná river.

• Monday, July 26th 2021 - 05:08 UTC

  Ushuaia encouraged by a promising winter holidays season

  

  It's winter holidays in Argentina and the season is working out to be far better than expected for Ushuaia in the extreme south of the country, with August expectations also on the bright side.