Tag: economy

• Thursday, June 20th 2019 - 09:44 UTC

  Argentina's economy contracted 5,8% during the first quarter of 2019

  

  Argentina’s economy contracted 5.8% in the first quarter of 2019, the country’s statistics agency said on Wednesday, a reflection of the biting recession that has hammered domestic consumption and production.

• Monday, June 17th 2019 - 09:00 UTC

  Head of Brazil's powerful Development bank resigns following clash with Bolsonaro

  

  The head of Brazilian state development bank BNDES has submitted a letter of resignation amid public tensions with president Jair Bolsonaro, reflecting the serious divisions that continue to plague the administration’s upper echelons.

• Saturday, June 15th 2019 - 08:35 UTC

  China's main economic indicators slowing down; more stimulus in the pipeline

  

  China's industrial output growth unexpectedly slowed to a more than 17-year low in May, while investment also cooled, in the latest sign of weakening demand in the world's second-largest economy as United States ramps up trade pressure.

• Thursday, June 13th 2019 - 08:52 UTC

  Fiscal reforms crucial for Brazil's economy recovery, says the Central bank

  

  The Brazilian economy’s ability to emerge from its current funk and return to “more robust” levels of growth largely hinges on the approval and implementation of fiscal reforms, the central bank’s deputy governor said in London.

• Wednesday, June 5th 2019 - 21:00 UTC

  Uruguay: Finances don't grow; Economy Minister estimates an improvement for the second semester, as Macri did

  

  Uruguay is experiencing, in recent months, a marked drop in investment and the generation of employment. Uruguayan Economy Minister Danilo Astori admitted Wednesday the fall of public accounts, with an annualized fiscal deficit in April that was 4.8% of GDP, and opted to provide greater incentives to investors and entrepreneurs. The Uruguayan press accuses the government of betting on the hope that the results will begin to be felt in the second half of the year, as it was heard a while ago in Argentina under the administration of President Mauricio Macri.

• Wednesday, June 5th 2019 - 09:37 UTC

  Trump bets strongly on Brexit and anticipates a “phenomenal trade deal” with UK

  

  United States President Donald Trump emerged from a meeting on Tuesday with outgoing British Prime Minister Theresa May talking up a “phenomenal trade deal” between the two countries once the United Kingdom leaves the European Union. But he also hinted that any such deal would have to include opening up Britain's cherished National Health Service (NHS) - a proposition certain to stir controversy.

• Wednesday, June 5th 2019 - 09:15 UTC

  Global growth fragile influenced by trade conflict and tumbling confidence, reports World Bank

  

  The World Bank slashed its global growth forecasts for this year in a report released on Tuesday that portrayed a world gripped by deepening trade conflict, tumbling confidence and increasingly skittish investment. Although the global development lender currently expects a modest recovery 2020 and 2021, the bank said in its semi-annual report that a lot will have to go right for this to happen.

• Tuesday, May 28th 2019 - 09:47 UTC

  Brazil's Guedes insists he will step down if the pensions reform is not approved by Congress

  

  Brazil’s Economy Minister Paulo Guedes threatened to step down if his ambitious plans to overhaul the country’s social security system are watered down and diluted into what he called a “little reform.”

• Tuesday, May 28th 2019 - 09:47 UTC

  Rationing, long queues and empty shelves in Cuba as the economy heads to recession

  

  As long lines outside shops with mostly bare shelves are increasingly common in Cuba, and the government has indeed signaled that things are going from bad to worse, Havana is blasting president Donald Trump's administration for the hardship and misery.

• Thursday, May 23rd 2019 - 09:04 UTC

  British Steel and 25.000 jobs on the brink: waiting for government life line

  

  British Steel, the country’s second-largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound (US$ 38 million) loan, two sources close to the situation said.