Tag: economic crisis

• Friday, November 5th 2021 - 09:15 UTC

  More Brazilians in debt amid growing inflation

  

  Brazil's economic crisis has led to an unprecedented number of households being unable to repey their debts, it was reported Thursday.

• Friday, October 1st 2021 - 09:33 UTC

  Fear reigns among Venezuelans as six more zeros are to be removed from local currency

  

  Unrest reigned Thursday among Venezuelans as Friday's monetary reconversion which will remove six zeros from “sovereign bolivars” loomed over, prompting the exchange rate with the US dollar to skyrocket.

• Wednesday, June 30th 2021 - 09:09 UTC

  Argentina's economy keeps falling, INDEC data shows

  

  Economic activity in Argentina fell 1.2% monthly in April and accumulated three months of decline, according to data released Tuesday by the National Institute of Statistics and Census (INDEC).

• Tuesday, December 15th 2020 - 08:29 UTC

  Long food queues in Italy's financial capital and richest city of the country

  

  Long queues have been forming outside food banks and help centers in Italy's financial capital Milan as the economic devastation caused by the coronavirus has deepened before Christmas.

• Tuesday, September 1st 2020 - 08:49 UTC

  Argentina's ruling coalition planning a one time “solidarity tax” on 12,000 wealthy contributors

  

  Argentina’s ruling coalition, Frente de Todos, is seeking to impose a one-time tax on wealthy citizens as part of a strategy to solidify the alliance’s populist credentials while boosting government revenue amid a deteriorating economic crisis.

• Tuesday, June 30th 2020 - 07:59 UTC

  Argentina economic activity plummets 26,4% in April year on year

  

  Argentina's economic activity plummeted in April, the first full month that social-distancing measures that shut down non-essential businesses and other activities were in effect.

• Friday, May 8th 2020 - 08:49 UTC

  World Bank US$ 500 million loan to help Ecuador cover budget needs

  

  The World Bank Board of Directors approved a flexible US$500 million loan to help cover Ecuador's budget needs during the Covid-19 emergency and to promote economic recovery. The loan is the second in a series of three Development Policy Financing (DPF) operations. The first loan of this series was disbursed in June 2019. The operation has been adapted to the current context and to the country’s needs during the pandemic.

• Thursday, April 23rd 2020 - 09:20 UTC

  Brazilian currency falls to an all-time low of 5,40 to the US dollar; this year it has lost 25% of its value

  

  Brazil’s Real fell on Wednesday to a fresh all-time low close to 5.40 per dollar, as expectations intensified that the central bank will cut interest rates significantly in the coming weeks to combat the coronavirus-fueled economic crisis.

• Friday, March 27th 2020 - 09:08 UTC

  World leaders pledge US$ 5 trillion to address the global economic collapse

  

  World leaders on Thursday promised US$5 trillion to stave off global economic collapse from the coronavirus pandemic that has killed 21,000 people and shut down huge swathes of the globe.

• Thursday, March 19th 2020 - 08:59 UTC

  Coronavirus: Argentina unveils stimulus package; ample support from the political system to the strategy

  

  Argentina unveiled this week a 700 billion Pesos (some US$10 billion) stimulus package to try to sustain economic activity, avert shortages of food and medical supplies, help companies and protect workers and vulnerable groups affected by the worsening Covid 19 pandemic.