The Argentine economy expanded 4.9% last year according to the official stats office Indec 'monthly economic growth indicator', EMAE, which is usually a good anticipation of the final figures. If confirmed Argentina will have grown uninterruptedly since the 2002 crisis, when the major default and melting of the economy.
Uruguayan president Jose Mujica is scheduled to attend a reception on Saturday at Argentina's tall ship Libertad, which together with several similar vessels is participating in the '2014 Latin American Sails' tour of thirteen Latin American and Caribbean ports, and on Friday arrived to Punta del Este.
Uruguay's GDP this year is expected to expand by 3%, below the original estimate of 4%, according to Economy minister Mario Bergara currently in the United States on a tour to promote investments in the country and who was interviewed by Bloomberg.
Brazil's government on Thursday announced 44 billion Reais (18.41 billion dollars) in spending cuts as it seeks to meet its primary budget surplus target for 2014. This year's cuts exceed the 38 billion Reais (some 15.9 billion) in budget reductions announced in 2013 and extend to all government departments except education, health, social development, and science and technology.
President of Venezuela Nicolás Maduro has warned that if US-owned television station CNN do not change their coverage of protests they will be forced out of the country. CNN has the objective of forcing a civil war in order to provoke the 'gringo' [US] army against our fatherland. Alert the entire country, alert, the head of state warned, in a live television appearance this evening.
The current political crisis in Venezuela is rattling regional organizations, has two of the leading countries fearful of the crowds in the streets, while Latin American left wing populism believes there is a concerted right wing effort to destabilize the governments of Venezuela and Argentina, according to Argentine political analyst Rosendo Fraga.
A majority of Uruguayans, 55%, believe their country must support Argentina's sovereignty claims over the Falklands/Malvinas Islands but an overwhelming 80% also want closer trade links with the Islands and reject the ban on Falklands flagged vessels to operate from Montevideo or other Uruguayan ports. In both cases neutral opinions range 11% and 12%.
US President Barack Obama joined the Mexican and Canadian leaders Wednesday for a North American summit focused on trade but marked by friction between the three amigos. Mexican President Enrique Peña Nieto shook hands with Obama in an ornate state government palace in Toluca, near Mexico City, for private one-on-one talks before Prime Minister Stephen Harper joined them later.
Imprisoned protest leader Leopoldo Lopez urged supporters to keep fighting for the departure of Venezuela's populist government, even as he was due in court accused of fomenting unrest that has killed at least five people.
Over half the Argentines want president Cristina Fernandez to remain in office and to finish her four year mandate and at the same time reject conspiracy theories which pretend to force the exit of the controversial leader.