Argentina's Chamber of Chemical Products warned that due to the restrictions on imports, some critical inputs have been arriving in the country in smaller quantities, which might result in shortages of medicines, soft drinks, and shampoo, among other items.
According to Uruguay's Labor Ministry data released Wednesday, unemployment in the South American country during 2022 was lower than that of times before the Covid-19 pandemic broke out.
Brazilian Vice President Geraldo Alckmin insisted Tuesday that reshaping the country's tax scheme was vital to the reindustrialization of South America's largest economy.
In its annual report Preliminary Overview of the Economies of Latin America and the Caribbean, the UN Economic Commission for Latin America and the Caribbean, ECLAC projects that regional growth next year will be a third of the rate forecast for 2022.
Brazil's trade balance closed the year 2022 at a record surplus of US$ 62.3 billion. Compared with the previous year, when the positive balance totaled US$ 61.4 billion, there was an increase of 1.5%.
The Argentine government has successfully undertaken a debt swap in local pesos worth about US$ 16.813 billion, thus extending large maturities scheduled for the first quarter of the year, it was announced.
After a steady growth since 2018, shrimp has taken over as Ecuador's second-most exported item behind oil, thus toppling bananas from a notch they had held for quite a while, it was reported in Quito.
As the Brazilian president Lula da Silva settled in his first day in office in the Planalto Palace, Latin American leaders met with the inaugurated president, who faced his first financial challenge, stocks had fallen more than 3%, led by a selloff of shares in state-run oil company Petrobras.
With the world's three major economies -the United States, the European Union, and China- slowing down simultaneously, 2023 will be tougher than the year we left behind, International Monetary Fund (IMF)'s Managing Director Kristalina Georgieva said during an interview with CBS. She also heralded in Washington that a third of the world economy will be affected by a recession.
In early December Chile's central bank said the country's economy was set to contract between 1.75% and 0.75% in 2023, however in 2022 GDP is seen rising 2,4%, with a formidable takeoff in the first half of last year.