Tag: economic growth

• Tuesday, June 28th 2022 - 09:45 UTC

  Uruguay foresees economic growth, job creation and tax cuts

  

  Uruguay's Economy Minister Azucena Arbeleche Monday said the Government foresees a 4.8% growth in 2022 and the creation of 40,000 jobs, which would make the lowering taxes feasible.

• Wednesday, April 20th 2022 - 09:44 UTC

  IMF revises Argentina's projected growth upwards

  

  The International Monetary Fund (IMF) has raised its projections for Argentina's growth during 2022 to 4%, it was reported Tuesday in Washington DC. These figures show an improvement from those released just days ago by other agencies such as the World Bank (3.6%).

• Saturday, March 5th 2022 - 09:50 UTC

  Covid-19 measures and real estate debt are slowing economic growth, admits Beijing

  

  China finally admits that the economy has suffered because of Covid 19 measures and the crackdown on real estate debt, and is this new “volatile, grave and uncertain” environment, the growth target has been lowered to “around 5,5%”.

• Tuesday, October 26th 2021 - 20:05 UTC

  Bright future ahead for Paraguay's economy

  

  Paraguay's Treasury Monday forecast economic growth of 4.5% by the end of 2021, it was announced.

• Thursday, September 2nd 2021 - 08:54 UTC

  Brazil's GDP suprisingly 0,1% in the red

  

  Brazil's Gross Domestic Product (GDP) contracted 0.1% in the 2nd quarter of 2021, the Brazilian Institute of Geography and Statistics (IBGE) reported Wednesday.

• Wednesday, September 1st 2021 - 09:54 UTC

  Latin America and Caribbean expected to grow 5.9% in 2021, ECLAC says

  

  A new “Economic Study of Latin America and the Caribbean” report released Tuesday by the Economic Commission for Latin America and the Caribbean (ECLAC) raised its growth forecast for the region from 5.2% in July to 5.9%.

• Saturday, February 6th 2021 - 08:38 UTC

  Latin America's second economy grew 12% in third quarter but still 8,6%, below year to year

  

  Mexico’s economy contracted 8.5% in 2020, the largest single-year drop since 1932 and the second consecutive year of economic contraction, worsened due to the Covid-19’s pandemic. Latin America's second economy, the gross domestic product grew 3.1% in the final three months of the year, according to preliminary data released on Friday by the National Statistics and Geography Institute.

• Wednesday, January 27th 2021 - 09:20 UTC

  China recovers pre-pandemic growth and is expected to expand 8,1% in 2021 and 5,6% in 2022, IMF

  

  IMF projects China's economy will grow 8.1% in 2021 and 5.6% in 2022. The global growth is expected to be 5.5% in 2021 and 4.2% in 2022 after an estimated 3.5% contraction in 2020, according to the latest World Economic Outlook (WEO) released on Tuesday.

• Wednesday, January 27th 2021 - 08:35 UTC

  IMF, despite pandemic challenges, forecasts a strong economic rebound this year

  

  The global economy is set to lose over US$ 22 trillion between 2020 and 2025, due to the impacts of the coronavirus pandemic the International Monetary Fund (IMF) said on Tuesday. The economy will likely see a strong rebound this year, but the pandemic is causing severe damage said IMF chief economist Gita Gopinath.

• Friday, January 22nd 2021 - 08:32 UTC

  Brazil keeps Selic rate at 2%, but uncertainty about economic growth remains

  

  The Brazil Central bank rate setting committee, Copom, unanimously decided on Wednesday to maintain the Selic rate at 2.00% for the fourth time running, but anticipating that inflation expectations for the next two years have risen and uncertainty surrounds the Brazilian economy in the short term.