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MercoPress, en Español

Montevideo, May 27th 2019 - 01:22 UTC

Tag: economic growth

  • Wednesday, May 15th 2019 - 09:53 UTC

    Brazil's government cuts economic growth forecast, insists Congress must approve pensions' reform

    Economy Minister Paulo Guedes and Secretary Waldery Rodrigues gave testimony to a budget commission made up of deputies and senators

    Brazil’s government will cut its 2019 economic growth forecast to below 2% and seek supplementary funding from state-run BNDES development bank to meet current expenditure and avoid breaking its fiscal rules, Economy Ministry officials said on Tuesday.

  • Thursday, April 18th 2019 - 09:40 UTC

    China's growth stabilizes 6.4% year-on-year in first quarter

    In the first quarter of 2019, GDP resisted and even grew more than the average forecast of 12 analysts surveyed who expected 6.3%.

    The growth of the Gross Domestic Product (GDP) in China stabilized 6.4% year-on-year in the first quarter of 2019, despite falling global demand and the trade war with the United States. The figure was announced on Wednesday by the National Bureau of Statistics (BNS), along with other rather optimistic indicators on the health of the world's second largest economy.

  • Thursday, April 11th 2019 - 09:31 UTC

    The Trouble with Argentina’s Economy

    The peso devaluation and the consequent rise in inflation have intensified Argentina’s distributive conflict, with workers demanding wage increases

    With sustained economic growth, Argentina would be able to avoid another debt crisis. Although there are no silver bullets to put the economy on a more stable path, changing current macroeconomic policies would at least give the country a chance.

  • Thursday, April 4th 2019 - 09:41 UTC

    Petrobras finally shows positive results and with strong growth prospects

    Improved crude and fuel prices largely contributed towards the strong year. Oil jumped 50% year-on-year, in Reais, and fuel 32% year-on-year

    Petrobras has finally announced a positive annual result, five years after the Lava Jato corruption probe left the Brazilian state-controlled company with spiraling debts. The firm closed the year with a US$ 25.8bn net profit, the highest figure in seven years, and a total of R$20.2bn (US$ 5.27bn) in asset sales.

  • Wednesday, March 13th 2019 - 09:20 UTC

    UK economy performance weak: 0.2% expansion in three months to January

    The ONS said strength in IT, health services and wholesale trading offset falls in the manufacturing of metals and cars, and construction repair work

    The UK economy grew by 0.2% in the three months to January, matching the growth of the previous three months. The report from the Office for National Statistics (ONS) showed a pick-up in activity in January when the economy expanded by 0.5%.

  • Friday, March 8th 2019 - 09:15 UTC

    Euro zone interest rates frozen for twelve months given overall slowdown

    The unexpected moves came as the bank made sharp cuts to its forecasts for both growth and inflation this year.

    Interest rates in the Euro zone will not rise until next year at the earliest, the European Central Bank has signaled amid evidence of a slowdown in the 19 countries using the single currency. The ECB also unveiled a round of fresh stimulus, offering banks cheap loans to try to help revive the economy.

  • Wednesday, March 6th 2019 - 08:20 UTC

    China's National Congress told the economy faces a “tough struggle ahead”

    Li told 3,000 delegates at the National People's Congress that China would aim to deliver nearly 2 trillion Yuan (US$ 298bn) of cuts in taxes and other company fees.

    China's number two leader Li Keqiang has warned the country faces “a tough struggle,” as he laid out plans to prop up the world's second-largest economy. Opening the annual session of China's parliament, he forecast a slower growth of 6% - 6.5% this year, down from a target of around 6.5% in 2018.

  • Tuesday, March 5th 2019 - 09:55 UTC

    World markets fall as China cuts its economic growth target

    China cut its growth target for this year to 6.0 to 6.5%, in line with expectations, from around 6.5% last year.

    Asian shares stepped back on Tuesday after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the United States. Australian shares dropped 0.6% while South Korea's Kospi lost 0.5%. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.2% and Japan's Nikkei dropped 0.3%.

  • Thursday, February 28th 2019 - 09:15 UTC

    US trade deficit widens sharply in December: imports increase, exports drop

    The goods trade deficit jumped 12.8% to US$79.5 billion in December, boosted also by an increase in imports

    The US trade deficit widened sharply in December as slowing global demand and a strong dollar weighed on exports, another sign that economic growth slowed in the fourth quarter. Other data from the Commerce Department on Wednesday showed new orders for US-made goods barely rose in December and business spending on equipment was much weaker than previously thought, pointing to a softening in manufacturing activity.

  • Monday, February 4th 2019 - 08:50 UTC

    Brazilian industrial output up 1.1% last year compared to 2017

    Industrial production in Brazil rose 0.2% month-over-month in December 2018, rebounding from a downwardly revised 0.1% in the previous month

    Brazil's industrial output increased 1.1% in 2018, the Brazilian Institute of Geography and Statistics (IBGE) announced. According to IBGE, though the annual figures were positive, the industrial sector grew at a slower pace than it registered in 2017, when production increased 2.5%.

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