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