Economy

• Monday, May 10th 2021 - 09:50 UTC

  US investors withdrawing from Latin America's three largest economies as populist rulers spark concern

  

  According to a recent report from the Department of the Treasury, investors from the United States are rapidly fleeing the once most promising and three largest countries of Latin America (Brazil, Mexico and Argentina).

• Saturday, May 8th 2021 - 09:10 UTC

  Quarantine has catastrophic consequences on Argentina's economy, report shows

  

  Argentina's Federal Tax Bureau AFIP data shows 235,381 jobs were lost and around 23,000 companies had closed as the result of the contraction in the economy due to the health measures to control coronavirus, it was reported Friday.

• Saturday, May 8th 2021 - 08:15 UTC

  Argentina's inflation for the year 2021 forecast at 47.3%

  

  Argentina's monthly inflation for April 2021 is expected to be around 3.8%, according to consulting firms surveyed by the Central Bank.

• Saturday, May 8th 2021 - 06:41 UTC

  Paraguayan President Abdo meets with Spain's FM

  

  Paraguay's President Mario Abdo Benítez Friday welcomed Spain's Foreign Minister Arancha González Laya at the presidential residence of Mburuvicha Roga in Asunción. The presence of Spain's top diplomat is linked, among other issues, to Mercosur's trade deal with the European Union.

• Friday, May 7th 2021 - 09:05 UTC

  Brazilian FM underscores China's significance to the South American country

  

  Brazil's Foreign Minister Carlos França Thursday expressed his country's intentions to expand and diversify its economic and trade relations with China, which has grown to become its largest trading partner.

• Friday, May 7th 2021 - 08:57 UTC

  China open to trade deal either with Uruguay or with all of Mercosur, says Ambassador

  

  China's Ambassador in Montevideo Wang Gang Wednesday underlined his country's “open attitude” towards a trade agreement “either bilateral or en bloc” with Mercosur (Argentina, Brazil, Paraguay, Uruguay) “when Uruguay or the bloc as a whole are ready.”

• Friday, May 7th 2021 - 08:28 UTC

  Unemployment in Uruguay falls bellow 10% in March

  

  Uruguay's labour market showed some recovery Thursday as unemployment in March fell to 9.7% from February's 11.1%, according to a report released by the National Institute of Statistics (INE).

• Thursday, May 6th 2021 - 23:59 UTC

  Falklands economy boasts healthy trade surplus but income inequality increases

  

  The value of goods exported from the Falkland Islands recorded a compound annual growth rate of 8.1% between 2010 and 2019, according to the Falkland Islands Government’s State of the Economy report.

• Thursday, May 6th 2021 - 09:33 UTC

  Uruguay's inflation projected at 6.8% year on year fits within government’s target

  

  Uruguay has managed to keep inflation at 6.8%, which is within the government's target range for the first time in 36 months, it was announced Wednesday.

• Thursday, May 6th 2021 - 08:48 UTC

  Brazil's Central Bank ups basic interest rate to curb growing inflation

  

  In a move to curb growing inflation, Brazil's Central Bank Wednesday decided to raise the basic interest rate by 0.75 percentage points, to 3.5% per year. It was the second time in a row that the monetary authorities responded to this type of measure.