Argentina wants energy firms to invest some US$ 5 billion to boost hydrocarbon production and generate jobs in the country's prized Vaca Muerta shale play, as well as to bring in much-needed foreign currency.
Countries of Latin America and the Caribbean must continue to ratchet up stimulus to beat back the devastating economic impacts of the coronavirus pandemic, the UN agency ECLAC said in a report issued this week.
Brazilian exports of chicken, pork, and beef continue to be in high demand in 2020, according to data from the Brazilian Animal Protein Association (ABPA) and the Brazilian Meat Packers Association (ABRAFRIGO). In September, however, while exports of beef and pork registered a positive performance in relation to the same month of 2019, chicken exports fell 2.3%.
Argentina's inflation accelerated slightly in September from August as some easing of quarantine restrictions allowed the economic activity to begin to recover. The consumer prices rose 2.8% in September and increased 36.6% from a year earlier, Argentina's Indec statistics agency said on Wednesday.
“Argentina faces very dramatic challenges, the country is in deep recession and social conditions are worsening”, was the response of IMF chief Kristalina Georgieva when asked about the difficult challenges faced by Argentina and if the current government has the political will and consensus to move forward with a plan to restore confidence.
Support for Scottish independence from the United Kingdom has risen to a record high of 58%, an Ipsos Mori poll released on Wednesday suggested. The poll of 1,045 adults aged over 16 across Scotland, conducted from Oct 2 to 9, saw only 42% back staying in the union once undecided voters were stripped out.
Women and minorities, who have been affected by pandemic-related job losses, will need help getting back to work as more economic activity shifts to sectors less dependent on face-to-face interaction, Dallas Federal Reserve President Robert Kaplan said on Wednesday.
The International Monetary Fund (IMF) forecasts that the Argentine economy will fall by 11.8% this year, and rebound by 4.9% in 2021, the credit agency announced. This was stated in the Economic Outlook Report (WEO) called A long and difficult road uphill, where as a result of the pandemic it estimated a fall in world GDP of 4.4% and a recovery of 5.2% by 2021.
The European Union demanded a substantive movement on Tuesday from Britain on fisheries, dispute settlement, and guarantees of fair competition in their talks on a post-Brexit trade deal, with Germany saying they were at a critical stage.
The vast majority of International Monetary Fund loans extended during the Covid-19 pandemic have suggested or demanded spending cuts that would worsen poverty and inequality, charity group Oxfam says.