Economy

Friday, January 29th 2021 - 08:55 UTC
Canada and Uruguay, the Americas' countries with the less corruption perception

Transparency International has released its 2020 Corruption Perception Index, which is not very generous with Latin American countries, including Mercosur members Argentina, Brazil, and Paraguay, with Uruguay the great exception and best-ranked in the Americas behind Canada.
Friday, January 29th 2021 - 08:07 UTC
Stanley's RPI drops in last quarter: reduced cost of fuel and power

The Falkland Islands capital, Stanley Retail Price Index (RPI) indicated that the cost of living has dropped again in the last quarter of 2020 after a steady increase in the previous two quarters.
Thursday, January 28th 2021 - 09:59 UTC
Uruguay will partially reopen its borders as of February

Uruguayan president Luis Lacalle Pou announced on Wednesday the partial lifting of the borders' total closure which had been established last December 20, but all other measures that had been announced on that date remain in full compliance.
Thursday, January 28th 2021 - 09:42 UTC
Brazil on the brink of financial default, points out the Financial Times

Brazilian president Jair Bolsonaro has been s skeptical of the coronavirus pandemic and the effectiveness of different vaccines to contain it, arguing that the economy, jobs and activity, were the priority above sanitary recommendations. As a result of this approach, his administration's federal spending jumped almost 40% between January and November, according to the Institute of International Finance. And Bolsonaro had even admitted the country is “broke.”
Thursday, January 28th 2021 - 09:37 UTC
Argentine traders and millers discussing options to avoid a ban on wheat exports

Argentina is worried about domestic food prices and inflation, and as it happened a few weeks ago with an attempt to ban corn exports, a similar situation apparently is happening with wheat, and the different actors involved are working on measures aimed at securing the wheat supply and reasonable bread and pasta prices.
Wednesday, January 27th 2021 - 09:20 UTC
China recovers pre-pandemic growth and is expected to expand 8,1% in 2021 and 5,6% in 2022, IMF

IMF projects China's economy will grow 8.1% in 2021 and 5.6% in 2022. The global growth is expected to be 5.5% in 2021 and 4.2% in 2022 after an estimated 3.5% contraction in 2020, according to the latest World Economic Outlook (WEO) released on Tuesday.
Wednesday, January 27th 2021 - 09:06 UTC
New Zealand and China upgraded their free trade agreement: Bad news for Mercosur

China and New Zealand signed the upgrading protocol of their free trade agreement (FTA) via video link on Tuesday with new commitments in trade market entry, investment, and other key aspects.
Wednesday, January 27th 2021 - 08:35 UTC
IMF, despite pandemic challenges, forecasts a strong economic rebound this year

The global economy is set to lose over US$ 22 trillion between 2020 and 2025, due to the impacts of the coronavirus pandemic the International Monetary Fund (IMF) said on Tuesday. The economy will likely see a strong rebound this year, but the pandemic is causing severe damage said IMF chief economist Gita Gopinath.
Tuesday, January 26th 2021 - 09:27 UTC
ILO: Pandemic in 2020 has caused massive loss of working hours, equivalent to 255 million full time jobs

Tentative signs of recovery are emerging in global labor markets, following unprecedented disruption in 2020 due to the Covid-19 pandemic, according to the latest report from the International Labour Organization, ILO.
Tuesday, January 26th 2021 - 09:24 UTC
“Journey of recovery” in 2021 will be accompanied by a high level of uncertainty, Christine Lagarde

Christine Lagarde, president of the European Central Bank (ECB), said on Monday that the “journey to recovery” in 2021 would most likely be accompanied by a “very high level of uncertainty” before a transition to a “new economy.”