Economy

• 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.

• Tuesday, December 28th 2021 - 09:46 UTC

  Boric will not travel to Colombia with Piñera: priority is “organizing my administration's team”

  

  Chilean president-elect Gabriel Boris announced he contacted president Sebastián Piñera to thank him for the invitation to attend the January 26/27 Prosur and Pacific Alliance summits in Colombia, --the current head of government last overseas trip--, but will not join him.

• Monday, December 27th 2021 - 20:16 UTC

  Andean Community lifts roaming charges as of Jan. 1

  

  Roaming charges for cell phone communications is about to become a thing of the past for countries of The Andean Community (CAN - Bolivia, Colombia, Ecuador and Peru). Effective Jan. 1, 2022, and thanks to the joint work of its member countries and the institutional strength that it has had for more than 52 years, the citizens of the CAN will not have to pay any additional surcharge for post-paid international roaming and will be able to be more and better communicated.

• Thursday, December 23rd 2021 - 19:17 UTC

  First cryptocurrency for LGTBI + community launched in Spain

  

  Spanish traders have announced “Maricoin,” the new cryptocurrency created by and for the LGTBI + community, will be launched on Christmas Eve in Madrid. The new money will be accepted as of Dec. 31 throughout 25 gay-friendly businesses throughout Spain after the pilot test this coming Friday, Dec. 24.

• Thursday, December 23rd 2021 - 09:48 UTC

  Uruguay's President admits FTA with Turkey under consideration

  

  Uruguay's President Luis Lacalle Pou Wednesday admitted his country was after one-on-one trade deals with countries other than China and singled out Turkey was a target. Regarding a possible agreement with the United States, Lacalle said it would be a childhood dream come true.

• Wednesday, December 22nd 2021 - 11:36 UTC

  Argentine peso needs devaluing, Goldman Sachs report says

  

  A macroeconomic report from Wall Street operators Goldman Sachs released Tuesday has warned that “without fiscal or monetary anchors” the country is up for strong “headwinds” in 2022 and 2023 and, therefore, “the peso needs to be devalued.”