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MercoPress, en Español

Montevideo, October 31st 2026 - 01:18 UTC

Economy

  • Saturday, July 25th 2026 - 09:22 UTC

    Goldman Sachs cuts Argentina's growth forecast to 2.7% and looks ahead to the elections

    Despite the revision, the bank considered that the economy is “expanding at a moderate pace” and maintained a favorable assessment of several aspects of the economic program

    Goldman Sachs lowered its growth forecast for Argentina's economy in 2026 from 3% to 2.7% and anticipated a possible contraction in activity during the second quarter, according to a report by the bank. The institution also said economic performance will increasingly be assessed against the presidential elections of October 2027.

  • Saturday, July 25th 2026 - 09:14 UTC

    New US tariff scheme expands Argentine zero-duty lines to 2,212

    Argentina was also placed in the lowest band of the new regime, with an additional 10% tariff, the same rate that previously applied

    The new US tariff scheme that took effect on Friday raised to 2,212 the number of Argentine tariff lines that can enter the US market at a 0% rate. To the 1,675 lines already covered by the Reciprocal Trade and Investment Agreement (ARTI), signed on February 5 in Washington, another 537 were added following a review by the Office of the US Trade Representative (USTR).

  • Friday, July 24th 2026 - 07:05 UTC

    Uruguay faces a 12.5% US tariff as its foreign ministry weighs the implications

    Sources at the Foreign Ministry confirmed the decision and said its implications are being analyzed, while noting that the outcome “was within expectations”

    Uruguay was placed in the highest band of the new US tariff scheme, with an additional 12.5% levy on its exports to the United States, for not having an explicit ban on the import of goods produced with forced labor. The measure, which took effect on Friday, raises the rate that had applied to the country since February, of 10%.

  • Thursday, July 23rd 2026 - 22:37 UTC

    World Bank estimates $19.6 billion in earthquake damage in Venezuela

    The disaster struck a country with a poverty rate above 76% and an economy that contracted sharply over the past decade, in a period marked by US sanctions

    The twin earthquakes that struck northern Venezuela on June 24 caused an estimated $19.6 billion in direct physical damage, according to a preliminary assessment published on Thursday by the World Bank. The figure is equivalent to about 18% of the country's gross domestic product, based on International Monetary Fund data.

  • Thursday, July 23rd 2026 - 22:33 UTC

    US rebuilds its tariff wall with forced-labor levies on 60 economies

    The levies are applied under Section 301 of the 1974 trade law, which allows a response to unfair trade practices following an investigation

    The United States imposed tariffs of between 10% and 12.5% on 60 trading partners, which together account for about 99% of its imports, over what the Office of the US Trade Representative (USTR) described as their failure to adopt and effectively enforce bans on the import of goods produced with forced labor. The measures, announced on Thursday, took effect at 12:01 a.m. on Friday, at the same moment the 10% universal tariff in place since February expired.

  • Wednesday, July 22nd 2026 - 22:13 UTC

    US court upholds $390 million judgment against Argentina over Aerolíneas

    The decisive legal point was the statute of limitations

    The US Court of Appeals for the District of Columbia Circuit on Tuesday rejected an appeal filed by Argentina and left standing the ruling that recognizes an arbitral award of $390,907,115 in favor of the fund Titan Consortium, over the 2008 expropriation of Aerolíneas Argentinas and Austral Líneas Aéreas Cielos del Sur. The amount was calculated as of December 10, 2024, with subsequent interest to be added.

  • Wednesday, July 22nd 2026 - 07:18 UTC

    US readies tariffs on some 60 economies over forced labor, with Argentina among them

    The proposal, put forward by Greer's office in June following an investigation launched in March, contemplates two tiers

    US Trade Representative Jamieson Greer said his government will announce new tariffs on some 60 economies in the coming days for failing to enforce bans on the import of goods produced with forced labor. “The US has laws to prohibit trading goods with forced labor. Other countries, most of them, don't have a law, and those that do really don't enforce it,” he said on Tuesday in an interview with CNBC.

  • Tuesday, July 21st 2026 - 01:05 UTC

    Argentina's June trade surplus rises 149% year-on-year on stronger exports

    The June surplus, however, marked a 36.4% drop from May's figure, which had been a record $3.450 billion

    Argentina posted a trade surplus of $2.194 billion in June, a 149.6% increase from the same month in 2025, driven by growth in exports, the National Institute of Statistics and Census (Indec) reported on Monday.

  • Sunday, July 19th 2026 - 17:43 UTC

    Lula asks Trump to explain 25% tariffs on Brazil, speaks of a “war of truth”

    “The war I want to wage with him is a war of narrative, a war of truth. I want to show the world who is telling the truth in this tariff war between Brazil and the United States,” Lula said

    Brazilian President Luiz Inácio Lula da Silva publicly called on his US counterpart, Donald Trump, to explain the reasons behind the 25% tariffs he imposed on most Brazilian products, a measure Brasília attributes to political rather than commercial motives. The levies, announced on July 15 by the Office of the US Trade Representative, will take effect on July 22.

  • Tuesday, July 14th 2026 - 22:26 UTC

    Argentina's inflation slows to 1.9% in June, lowest monthly rate in 10 months

    The government presents the slowdown as one of the main achievements of the fiscal and monetary adjustment program launched after Javier Milei took office in December 2023

    Inflation in Argentina slowed for the third consecutive month in June, coming in at 1.9%, according to the National Institute of Statistics and Censuses (INDEC). It was the lowest monthly figure since August 2025 and the first time this year that the index dropped below the 2% threshold. Year-on-year, prices rose 33.5%, while the first-half cumulative figure reached 16.8%.