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MercoPress, en Español

Montevideo, April 16th 2024 - 18:42 UTC

Tag: economic growth

  • 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%.

  • Friday, January 18th 2019 - 10:12 UTC

    Evo Morales’ Bolivia: Abiding the constitution or ensuring the results of sustained economic growth

    Evo Morales, a former leader of a coca-growers’ union, has won three elections fairly and by large margins. He hopes to win a fourth in October

    The Economist has published a piece on Bolivia and its first indigenous president, Evo Morales, who has managed the economy of the continent's poorest country with sustained success during thirteen years. But he has also a strong authoritarian attitude, given his dominance of government branches, and the support of the electorate, mostly indigenous or mestizo. In this scenario, he is running for a fourth consecutive presidential period, which the Constitution bans.

  • Thursday, January 10th 2019 - 08:28 UTC

    World Bank lowers Brazil tepid growth estimates both in 2018 and 2019

    Brazil's performance last year suffered the impact of the truckers strike on economic activity, plus the “political uncertainties” of the election year.

    The World Bank lowered its growth estimates for Brazil both in 2018 and this year. Last June the multilateral organization bi-annual report indicated that Latin America's largest economy would advance 2.4%, but it has now reduced that to 1.2%, one of the greatest falls for any country in the report.

  • Wednesday, January 9th 2019 - 08:40 UTC

    World Bank says global economy is “soft landing”, so far “orderly”

    The Bank's forecast for the global economy is expansion this year of 2.9% and 2.8% in 2020. But overhanging are rising concerns

    The World Bank is warning of increasing risks, or what it calls “darkening skies”, for the world economy. In its annual assessment of global prospects the Bank predicts continued, though somewhat slower, growth this year and next.