Economy

• Wednesday, March 10th 2021 - 08:49 UTC

  Chinese foreign trade booming in the first two months of 2021

  

  China's total goods imports and exports expanded 32.2% year on year to 5.44 trillion Yuan (some US$ 838.16 billion) in the first two months of 2021, sustaining growth momentum in previous months, official data showed. Exports jumped 50.1% while imports rose 14.5% in Yuan terms, according to the General Administration of Customs (GAC).

• Wednesday, March 10th 2021 - 08:46 UTC

  Global economy forecasted to grow 5,6% this year if vaccination rollout is effective

  

  Global gross domestic product (GDP) will grow at 5.6% this year if vaccination rollout is fast and effective enough across the world, the Organization for Economic Cooperation and Development (OECD) said Tuesday in its Interim Economic Outlook.

• Wednesday, March 10th 2021 - 08:34 UTC

  Inflation in China falls 0,2% in February; pork prices drop 14,9% year on year

  

  China's consumer price index (CPI), a main gauge of inflation, fell 0.2% in February from a year earlier, paving the way for China's steady economic recovery in the post-COVID era as the price trend kept stable, according to the National Bureau of Statistics, NBS.

• Tuesday, March 9th 2021 - 09:51 UTC

  Oil heading for US$ 70 a barrel on OPEC+ latest decision to retain output cuts

  

  Oil is heading toward US$ 70 a barrel after OPEC+ chose not to relax supply curbs even as the global economy pulls out of its pandemic-driven slump, confounding widespread expectations the group would loosen the taps.

• Saturday, March 6th 2021 - 09:59 UTC

  World Bank approves US$ 420 million loan to Argentina for sanitation and housing

  

  The World Bank Board of Directors approved a US$ 300 million loan to expand and improve water and sanitation services in Metropolitan Buenos Aires, particularly in the most vulnerable areas. An additional US$ 120 million will be available for the construction of social housing, benefiting nearly 10,000 inhabitants of Buenos Aires Province.

• Saturday, March 6th 2021 - 09:55 UTC

  Bolsonaro confirms his trip to Argentina and supports negotiations with IMF

  

  Brazilian president Jair Bolsonaro confirmed he will be traveling to Argentina on March 26th for the celebration of Mercosur's 30th anniversary, and also offered support for the president Alberto Fernandez administration negotiations with the IMF.

• Saturday, March 6th 2021 - 09:49 UTC

  Maersk forecasts 3% world trade growth; regulations a challenge in Mercosur

  

  The shipping company Maersk expects world trade to grow by 3% or more in 2021. The company sees global trade recovering, but there is still a lot of uncertainty about the size of the impact of Covid-19 on the world economy in 2021. So it is implementing a global strategy that positions it for growth in several countries, including Mercosur members.

• Saturday, March 6th 2021 - 09:23 UTC

  Pandemic has pushed 20 million Latin Americans into poverty, UN report

  

  More than 20 million people were pushed into poverty during pandemic-plagued 2020 across Latin America and the Caribbean, the U.N. economic agency for the region announced this week.

• Friday, March 5th 2021 - 08:25 UTC

  Brazilian soy exports in March should reach 15 million tons: 250 ships waiting to load

  

  Brazilian soy shipments this month should reach 15 million tons, which could establish a new record for a month, according to the maritime agency Cargonave, considering the 250 ships in the export line-up, a growth of more than 40% compared to the number seen in the same period last year.

• Friday, March 5th 2021 - 08:00 UTC

  The Haves and Have-nots of the Digital Age

  

  By Gita Bhatt (*) – Accelerated by the pandemic, the digital future is coming at us faster than ever before, and maybe faster than we can imagine. In this issue, we explore the possible consequences —the good, the bad, and the gray.