Economy

• Tuesday, August 18th 2020 - 08:52 UTC

  Peruvian economy contracts 18,06% in June year to year

  

  Peru’s economy contracted 18.06% in June versus the same period a year earlier, the government of president Martin Vizcarra said on Sunday, the fourth straight month of contraction due to the impact of the novel coronavirus pandemic.

• Tuesday, August 18th 2020 - 08:45 UTC

  Brazilian congressional leader confident the tax reform will be approved this year

  

  Brazil's lower house speaker Rodrigo Maia said on Monday he is convinced Congress will approve tax reform and that it should be done this year to avoid the debate from being influenced by the 2022 presidential election.

• Monday, August 17th 2020 - 09:31 UTC

  Argentina will formalize the bond restructuring offer to US Securities and Exchange Committee Monday

  

  The Argentine government formalized its amended bond restructuring offer on Saturday night, confirming in a presidential decree that it would submit the new deal to the US Securities and Exchange Commission this Monday.

• Monday, August 17th 2020 - 08:21 UTC

  Mexican president says economy recovering jobs

  

  Mexico added back 52,455 jobs in August, President Andres Manuel Lopez Obrador said on Saturday, hailing the news as a sign of recovery after the country lost more than 1 million jobs in the formal economy due to the coronavirus pandemic.

• Monday, August 17th 2020 - 08:14 UTC

  UK Trade Secretary pledges to fight US tariffs on Scotch whisky

  

  British Trade Secretary Liz Truss pledged to fight U.S tariffs on Scotch whiskey, calling them “unacceptable and unfair” in an op-ed in the Telegraph on Sunday. “I will fight to consign these unfair tariffs to the bin of history”, she wrote while accusing the European Union of failing to protect British and Scottish interests.

• Saturday, August 15th 2020 - 09:32 UTC

  Argentina's social distancing extended until August 30; daily infections are above 7,000

  

  Argentina extended until Aug 30 restrictions taken against the coronavirus, President Alberto Fernandez said on Friday, underlining that the country's lockdown would continue in its current form in and around capital city Buenos Aires.

• Saturday, August 15th 2020 - 09:22 UTC

  Chile: some 14 million have received some form of social support

  

  Chilean President Sebastian Pinera said on Friday that more than one million people had received the government's US$ 626 spot payment aimed at staving off the economic effects of the coronavirus pandemic and it had approved more than 550,000 requests for soft loans of up to US$ 815.

• Friday, August 14th 2020 - 09:38 UTC

  Argentina inflation in July was 1,9% and the 12-month rate 42,4%

  

  Argentina's July inflation rate was 1.9%, the government's Indec statistics agency reported on Thursday, bringing the seven-month rate to 15,8% and the 12-month rate to 42.4%. During July the items which showed the main increase were Housing maintenance, 3,9% and Leisure and Culture, 3,3%, with a special emphasis in electronics and home appliances.

• Thursday, August 13th 2020 - 07:36 UTC

  Brazilian Executive and Legislative reaffirm economic reforms' commitment

  

  A series of high-profile resignations from Brazil’s economic team have left Economy Minister Paulo Guedes shaken but committed to keep pushing for reforms in the government. The losses are also the most visible sign yet that Guedes’ ambitious economic agenda is suffering a downgrade in size and scope, although his austerity drive received a crucial backing from President Jair Bolsonaro and congressional leaders.

• Thursday, August 13th 2020 - 07:30 UTC

  Goldman Sachs forecasts “record breaking contractions” in several of the region's economies

  

  As Latin America continues to battle the coronavirus outbreak, some economies in the region could see a “record-breaking contraction” not seen since World War II, according to investment bank Goldman Sachs.