Tag: economy

• Monday, January 2nd 2012 - 21:44 UTC

  Venezuelan economy expands 4% in 2010 and inflation reaches 27.6%

  

  Inflation in Venezuela during last year reached 27.6%, which is 0.7 percentage points more than in 2010, according to a preliminary report from Venezuela’s central bank. President Nelson Merentes said that the consumer prices index “was associated to the upwards pressure generated on wholesale prices by a greater dynamism from domestic aggregate demand”.

• Monday, January 2nd 2012 - 01:00 UTC

  Sarkozy over burdened with a stagnant economy and elections next April

  

  French President Nicolas Sarkozy pledged in a grave New Year's message to find ways to pull the economy out of stagnation in the four months left before a presidential election and vowed no further public spending cuts.

• Friday, December 30th 2011 - 21:39 UTC

  New Spanish government announces draconian measures to balance the budget

  

  Spain's new government revealed on Friday that the public deficit for 2011 would come in at 8% of GDP, well above a target of 6%, and announced income and property tax hikes and a civil servant wage freeze in response.

• Tuesday, December 20th 2011 - 07:05 UTC

  Latam’s exports in 2011 forecasted to grow 26%, close to 1.1 trillion dollars

  

  Latin America’s projected 2011 export growth of 26% to approximately 1.1 trillion dollars continues the strong growth posted in 2010, according to new estimates by the Inter-American Development Bank (IDB).

• Tuesday, December 13th 2011 - 06:56 UTC

  Uruguay monetary policy trapped between inflation or stimulating the economy

  

  The Uruguayan central bank “Monetary Policy Committee” will attempt to balance ‘concern’ over inflation with the increasing international uncertainty when it meets next 29 December, said the bank’s president Mario Bergara.

• Thursday, November 24th 2011 - 23:52 UTC

  Unasur Finance Council meets to agree on measures to counter the global crisis

  

  Unasur Economy ministers and Central Bank presidents will meet Friday to agree on measures to help the region address the impact of the global crisis. The meeting takes place in Buenos Aires hosted by Argentine Economy minister and Vice-president elect Amado Boudou.

• Friday, November 18th 2011 - 21:39 UTC

  Argentine economic activity expands in September for 25th straight month

  

  Argentina's economy grew 7.7% in September from a year earlier, the government said on Friday, beating market expectations and marking the 25th straight month of growth.

• Friday, November 18th 2011 - 06:11 UTC

  Argentine economic activity expands at steady pace, but signs of cooling

  

  Argentine economic activity grew at a steady pace in October but there are signs that growth will cool in the coming months, local consultants Orlando J. Ferreres & Asociados, OJF, said Thursday.

• Thursday, November 17th 2011 - 20:01 UTC

  Latin American economy has entered cooling phase, says Brazilian think-tank

  

  The Latin American economy has entered a declining phase and will further slow down in coming months according to a report from the Brazilian think-tank Getulio Vargas Foundation, FGV.

• Thursday, November 17th 2011 - 01:32 UTC

  Argentina cuts utilities subsidies to large companies and high-income households

  

  Argentina announced Wednesday a further adjustment to its extended public utilities (electricity, water and gas) subsidies policy and this time the cuts will apply to large companies and high income households.