Economy

Tuesday, February 11th 2025 - 19:52 UTC
Brazil: January's IPCA lowest since 1994

Inflation last month in South America's largest country reached 0.16%, January's lowest since 1994, the Brazilian Institute of Geography and Statistics (IBGE) announced Tuesday. The agency also noted that the main cause for such an unprecedented feat after the introduction of the real was the so-called Itaipu Bonus, a special discount on electricity bills benefitting some 78 million consumers. The Real Plan was implemented in July of that year.
Tuesday, February 11th 2025 - 19:26 UTC
Taiwan largest market for Paraguayan pork exports

Taipei's Embassy in Asunción confirmed this week that Paraguay's pork exports to Taiwan grew by 108% last year, thus grabbing an 87% share of the South American country's shipments of the product, yielding revenues around US$ 29 million.
Monday, February 10th 2025 - 13:31 UTC
Europe prepares retaliatory measures to Trump's tariffs

US President Donald Trump's announcement that he planned to impose tariffs on European products to even up the trade scale “would be illegal and economically counterproductive,” the European Commission (EC) warned in a statement. It would also affect international trade and production chains, it went on.
Sunday, February 9th 2025 - 19:38 UTC
Brazil’s interest rate raised to 13.25% and further increases forecasted

Brazil's central bank raised its benchmark interest rate, Selic, by 100 basis points for the second straight meeting last Wednesday and anticipated another similar hike in March, concerned about mounting inflationary pressures.
Sunday, February 9th 2025 - 19:28 UTC
BoE chair fears “fragmentation of world economy” if Trump abandons IMF and World Bank

The Governor of the Bank of England Andres Bailey has urged continued US support for two major global economic institutions. According to a piece published by BBC, Mr. Bailey said he was “following extremely closely” whether the Trump administration would change its support for the International Monetary Fund (IMF) and the World Bank.
Sunday, February 9th 2025 - 19:04 UTC
BoE cuts rate to 4.50% but slashed UK growth to 0.75% and ups inflation estimate to 3.5%

The Bank of England last Thursday cut interest rates 25 percentage points to 4,50%, but at the same time slashed its growth forecast for the year and warned the near-term outlook for the economy had become complicated.
Saturday, February 8th 2025 - 09:46 UTC
Brazil’s industry posts 3.1% output increase in 2024

According to a report released by Brazil's Institute of Geography and Statistics (IBGE) this week, South America's largest country's industrial production closed out 2024 with a 3.1% from 2023's figures. These results, driven by rising employment and income, were the third-highest annually in the last 15 years.
Friday, February 7th 2025 - 09:18 UTC
Bolivian meat producers declare emergency after export ban

The Bolivian government's ban on beef exports represents daily losses of approximately US$ 500,000 for the country's cattle farmers, warned Thursday the National Chamber of Exporters of Bolivia (Caneb). The suspension was announced by Productive Development Minister Néstor Huanca, citing the need to regulate supply and reduce the price of meat in the domestic market.
Friday, February 7th 2025 - 09:04 UTC
Argentina: BCRA REM report foresees 2.3% CPI in January

Argentine Central Bank's (BCRA) monthly Market Expectations Outlook (REM) released Thursday foresaw January's Consumer Price Index (CPI) would stand at 2.3%. Back in December 2024, the REM expected it to be 2.5%.
Friday, February 7th 2025 - 07:13 UTC
Brazil needs to purchase 3,5 million tons of wheat, despite higher yields in domestic production, says CEPEA

Wheat production 2024/2025 in Brazil fell by 2.6% compared to the previous year, with the National Supply Company (Conab) forecasting a harvest of 7.89 million tons in 2024. This also represents an 11.9% reduction in the cultivated area, which shrank to 3.06 million hectares.