Economy

• Friday, January 22nd 2021 - 09:31 UTC

  Fitch forecasts Latin American economies will rebound but with downside risks

  

  Fitch Ratings forecasts Latin American economies will rebound this year from the 2020 recession but risks remain in particular because of the evolution of the COVID-19 pandemic.

• Friday, January 22nd 2021 - 08:32 UTC

  Brazil keeps Selic rate at 2%, but uncertainty about economic growth remains

  

  The Brazil Central bank rate setting committee, Copom, unanimously decided on Wednesday to maintain the Selic rate at 2.00% for the fourth time running, but anticipating that inflation expectations for the next two years have risen and uncertainty surrounds the Brazilian economy in the short term.

• Thursday, January 21st 2021 - 09:20 UTC

  Argentina ended 2020 with a 6,5% of GDP budget primary deficit

  

  Argentina's 2020 budget primary deficit reached 6,5% of GDP, according to a release from the Economy ministry, while the overall deficit was equivalent to 8,5% of GDP, given the massive support to the government to address the pandemic a recession.

• Thursday, January 21st 2021 - 09:06 UTC

  Teamsters protesting and blocking Argentine highways threaten domestic supplies and grain exports

  

  For the fourth day running independent teamsters are blocking roads in Argentina as part of a protest over what they describe fuel prices, exorbitant taxes, and highway tolls. The lockdown threatens the export of grains and oilseeds, CIARA-CEC the industry chamber said.

• Wednesday, January 20th 2021 - 01:27 UTC

  IMF: Uruguay advances important reforms amid the pandemic

  

  By S. Pelin Berkmen, Dmitry Gershenson, Luis Herrera Prada, and Jose Torres - Despite the ongoing crisis, Uruguay is taking important steps to address preexisting macroeconomic conditions and lay the foundation for a more resilient, competitive, and stable economy.

• Tuesday, January 19th 2021 - 08:29 UTC

  Brazilian economy forecasted to grow 3,45% this year with 3,75% inflation

  

  Brazilian financial and market analysts upgraded their economic growth forecast for 2021, from 3.41% to 3.45%, and maintained the projection at 2.5% for 2022, the Central Bank of Brazil announced Monday.

• Monday, January 18th 2021 - 08:32 UTC

  Chinese economy expands 6,5% in IV quarter and 2,3% in 2020

  

  China’s economy grew at a faster-than-expected pace in the fourth quarter of last year, ending a rough coronavirus-stricken 2020 ahead of all major industrialized nations, as well poised to expand further this year.

• Saturday, January 16th 2021 - 08:38 UTC

  Falklands compensates farmers for mutton not processed during the current season

  

  The suppliers of the Falkland Islands Meat Company (FIMCo) will be eligible for assistance through an FIG scheme, it was announced through a press statement on January 7. The support is in the form of £10 of compensation from FIG per head of mutton which cannot be processed by FIMCo, but does not make payments for cull sheep.

• Friday, January 15th 2021 - 09:39 UTC

  Argentina and IMF resume discussions and “fresh funds” could be included in the package

  

  The International Monetary Fund expects the pace of its ongoing discussions with Argentine authorities to accelerate in coming weeks, IMF spokesman Gerry Rice said on Thursday.

• Friday, January 15th 2021 - 09:30 UTC

  Biden plans a US$ 1,9 trillion economic rescue package to spur the economy and fight the pandemic

  

  United States president-elect Joe Biden laid out his plan for another US$ 1.9 trillion economic rescue package on Thursday, seeking to combat the economic and health crises stemming from the pandemic.