Economy

• Monday, January 20th 2025 - 05:56 UTC

  Shock-Proofing the UK Economy

  

  By Mohamed A. El-Erian (*) - No country wants external developments to drive up its borrowing costs and weaken its currency, which is what the UK is facing today, together with serious cyclical and structural challenges. But if the British government responds appropriately, recent market volatility might turn out to have a silver lining.

• Friday, January 17th 2025 - 09:15 UTC

  Argentina accepting other currencies besides pesos

  

  Effective Friday, Argentines will be allowed to fill out price tags in the currency of their choice (most likely US dollars), the Central Bank (BCRA) announced Thursday, in what has been regarded as a first step towards the dollarization of the economy, one of President Javier Milei's electoral promises.

• Thursday, January 16th 2025 - 13:48 UTC

  German economy shrinks second year running; lack of Russian gas and Chinese industry hit hard

  

  The German economy, the heart of European Union dynamism shrank by 0.2% in 2024, the second year in a row, according to Destatis, the German Federal Stats Office. In 2023, the German GDP, Europe’s largest contracted by 0,3%.

• Wednesday, January 15th 2025 - 10:29 UTC

  Indec announces Argentina's inflation in 2024 reached 117.8%

  

  Argentina's Consumer Price Index (CPI) went up 2.7% in December 2024 for an accumulated 117.8% last year, the National Institute of Statistics and Census (Indec) said Tuesday in a report released in Buenos Aires. It was the lowest monthly rate since July 2020 amid strict Covid-19 lockdowns, when inflation reached 1.9%.

• Wednesday, January 15th 2025 - 08:47 UTC

  Brazil’s 2024/25 harvest production estimated to reach 322.2 million tons, with soy exports of 105 million tons

  

  Brazilian farmers should harvest 322,2 million tons of grains from the 2024/25 crop, representing an 8,2% increase over 2023/24, equivalent to an additional 24.5 million tons, according to the latest estimates from Conab, the county’s National Supply Company.

• Monday, January 13th 2025 - 06:44 UTC

  IMF warns Milei about increasing poverty amid exchange rate controls

  

  Despite approving Argentine President Javier Milei's management in a broad way, the International Monetary Fund suggested the South American country should pay more attention to exchange rate arrears and the increasing poverty.

• Thursday, January 9th 2025 - 17:18 UTC

  Falklands unveils new banknote design featuring King Charles III and local wildlife

  

  The Falkland Islands has debuted its first new banknote design in over four decades, with plastic notes featuring King Charles III and iconic local wildlife, including a king penguin.

• Thursday, January 9th 2025 - 09:44 UTC

  Leading risk rating agency further ups Paraguay's gradings

  

  Paraguay's review by the international rating agency Standard & Poor's (S&P) has been upgraded from “stable to positive,” it was announced Wednesday in Asunción, as President Santiago Peña welcomed this new recognition.

• Wednesday, January 8th 2025 - 06:30 UTC

  Argentina: BCRA monthly survey projects inflation in 2025 to stand at 25.9%

  

  Argentina's Central Bank's (BCRA) latest issue of the Market Expectations Outlook (Relevamiento de Expectativas del Mercado - REM) released Tuesday in Buenos Aires foresaw that December's Consumer Price Index (CPI) to be announced next week by the National Institute of Statistics and Census (Indec) would stand at 2.7% for an annual rate of 117.8%.

• Tuesday, January 7th 2025 - 08:15 UTC

  Argentina's automotive industry forecast to bounce back this year

  

  Argentina's carmaking industry posted a 17.1% contraction in 2024, with an output of 506,571 units, a report from the Association of Automotive Manufacturers (ADEFA) released this week showed. Nevertheless, production is expected to reach 600,000 units this year.