Tag: economy

• Monday, September 3rd 2018 - 19:17 UTC

  Macri admits the seriousness of the situation and Dujovne is off to meet with IMF

  

  President Mauricio Macri unveiled plans on Monday to raise export taxes on grains and slash the number of government ministries in a bid to balance its budget next year, as Argentina seeks a deal with the IMF to accelerate a US$ 50 billion standby loan program.

• Friday, August 31st 2018 - 09:01 UTC

  Unemployment in Brazil falls slightly in July to 12.3%

  

  Brazil's unemployment rate dipped slightly in July, as expected, extending a slow and bumpy labor market recovery as pivotal presidential elections loom.

• Wednesday, August 29th 2018 - 08:48 UTC

  US dollar hits a new record in Argentina despite auctioning US$ 200 million

  

  Argentina’s central bank auctioned a total of US$ 200 million of its reserves in two separate currency auctions on Tuesday after the peso hit new lows, the monetary authority said in a statement.

• Wednesday, August 29th 2018 - 08:33 UTC

  Brazilian currency down on presidential election forecast jitters

  

  The Brazilian Real led losses in Latin America as lingering concerns over presidential elections overshadowed a largely positive environment for emerging market assets. The US dollar ended trading at 4.333 Reales.

• Tuesday, August 28th 2018 - 09:02 UTC

  Argentine economy expected to contract 1% this year and rebound 1.5% in 2019

  

  Argentina’s economy is expected to contract 1% in 2018, but grow by at least 1.5% next year, Minister Nicolas Dujovne told reporters on Monday. Dujovne said the government was maintaining its fiscal deficit target of 2.7% of GDP for full-year 2018. The government also expects a current account deficit of 3% of GDP in 2019, he said.

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

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

  

  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.

• Thursday, August 23rd 2018 - 08:48 UTC

  Chile's GDP in the second quarter grew 5.3%

  

  Chile's gross domestic product grew 5.3% in the second-quarter of 2018 compared with a year earlier, its biggest jump in nearly six years, the central bank said this week.

• Sunday, August 19th 2018 - 18:26 UTC

  Complications for the diaspora: Venezuelans can only flee with a passport to Peru or Ecuador

  

  The Ministry of the Interior of Peru has announced that as of the dawn of next Saturday, August 25, Venezuelans will be required to present their passport to be admitted to the country. This measure coincides with that taken by Ecuador this week when it reached record figures in the entry of Venezuelan citizens in that country. The National Superintendency of Migrations of Peru recorded last Saturday the largest number of Venezuelan citizens who entered the country in a single day: more than 5,100.

• Monday, July 16th 2018 - 08:44 UTC

  Argentina's debt expected to peak at 65% of GDP by end of 2018

  

  The International Monetary Fund (IMF) expects Argentina’s government debt to peak by the end of 2018 and then fall as the country cuts its deficit as part of its US$50 billion deal with the Fund, according to a document published.

• Tuesday, July 10th 2018 - 07:41 UTC

  Macri admits mistakes and calls for support from governors, unions and business leaders

  

  President Mauricio Macri, First Lady Juliana Awada and members of his cabinet attended on Monday, 9 July, the Argentine Independence Day celebrations in the Tucuman Historic House, where 202 years ago the emerging nation cut all ties as a Spanish colony.