MercoPress, en Español

Montevideo, March 26th 2019 - 02:41 UTC

Tag: economy growth

  • Wednesday, January 9th 2019 - 14:49 UTC

    Brazil's Bovespa closes above 92.000 points for the first time ever

    Sao Paulo stock market bench market index soars on expectations of stronger demand for commodities

    Latin American stocks in the region's main markets closed on Tuesday at new highs on the positive outlook for the ongoing US/China trade talks in Beijing. Brazil's Bovespa index ended trading above 92,000 points for the first time ever after hitting several record highs last week.

  • Friday, August 24th 2018 - 09:06 UTC

    Latin American growth lowered to 1.5% this year, in a “complex global scenario”

    Latin America's economies posted solid growth of 6.2% in 2010, but then tipped into a two-year regional recession in 2015

    Latin America's economic growth is set to come in lower than expected this year, as US protectionism and widespread wariness of emerging markets put a drag on the region, a UN panel said Thursday. The Economic Commission for Latin America and the Caribbean (ECLAC) slashed its growth forecast for the region by 0.7 point to 1.5%, saying the “complex global scenario” had dimmed the outlook since its last report in April.

  • Saturday, March 3rd 2018 - 10:43 UTC

    Brazil back on the growth path in 2017 after two years of contraction

    The modest growth represented a significant turnaround for Latin America's biggest economy, which contracted 3.8% in 2015 and 3.6% in 2016.

    Brazil's economy grew by a percentage point in 2017 after two years of contraction, government figures showed Thursday, confirming the South American giant's recovery from one of the worst recessions in its history. The agro-industrial sector led the way with 13% growth last year, trailed by the service sector, which showed 0.3% growth. Industrial output remained stable.

  • Friday, January 19th 2018 - 09:27 UTC

    Beijing claims economy growth picks up after seven years, but there are doubts about Chinese stats

    But many China watchers believe the GDP numbers are much weaker than the official figures suggest. This month alone, the governments of Inner Mongolia and of the large industrial city of Tianjin have

    China's economy grew by 6.9% in 2017 according to official data - the first time in seven years the pace of growth has picked up. The figure beats Beijing's official annual expansion target of about 6.5% and is good news for the global economy since China's impact and the better-than-expected data is likely to cheer investors around the world.