Economy

Tuesday, January 18th 2022 - 09:59 UTC
Argentine FM in Washington DC seeking support for new IMF deal

Argentine Foreign Minister Santiago Cafiero is on a diplomatic mission to Washington DC where he is to hold meetings with US Secretary of State Anthony Blinken and with House Speaker Nancy Pelosi in a move aimed at gathering some support ahead of new negotiations with the International Monetary Fund (IMF).
Tuesday, January 18th 2022 - 09:50 UTC
World Economic Forum warns of dark future ahead for Argentina

The World Economic Forum (WEF) has said Argentina's future was anything but promising as a result of the lethal combination of inflation and the state's financial collapse.
Tuesday, January 18th 2022 - 09:50 UTC
Brazil's Senate wants to tackle fuel prices

Brazil's Senate Speaker Rodrigo Pacheco Monday said that come February he intends to put up for voting a bill aimed at creating stability in the price of fuel.
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.