Tag: economy

• Wednesday, November 2nd 2011 - 20:26 UTC

  “End of subsidies with no utility rates modifications” announces Argentina

  

  Economy Minister Amado Boudou and Planning Minister Julio de Vido announced Wednesday in a press briefing, a full lift on subsidies; a decision which will reach various public sectors, including electricity gas and water companies. The changes imply annual fiscal savings of 600 million pesos (140 million dollars).

• Monday, October 31st 2011 - 03:11 UTC

  Brazil becomes sixth world economy, overtaking UK by the end of 2011

  

  At the end of the current year Brazil’s GDP will rank sixth in the world and for the first time ahead of Britain’s GDP, according to the Sao Paulo media based on reports from IMF and private consultants.

• Thursday, October 27th 2011 - 05:52 UTC

  In anticipation of global crisis World Bank extends 260m loan to Uruguay

  

  The World Bank Board approved a 260 million dollars loan to support the Uruguayan government’s reform program in order to consolidate growth with social equity and provide a line of financing to address the impact of the current uncertainty in global economic affairs.

• Tuesday, October 25th 2011 - 18:50 UTC

  EIU expects higher inflation in Uruguay as government tries to spur growth

  

  The Uruguayan government will concentrate efforts in promoting economic growth, (debilitated in the second quarter), plus reducing domestic debt, even to the expense of “weakening the credibility of the inflation target”, according to the Economist Intelligence Unit, EIU, from The Economist magazine.

• Thursday, October 20th 2011 - 07:00 UTC

  Lula da Silva: only way out for the crisis is growth and jobs, not balanced budgets

  

  Former Brazilian president Lula da Silva recommended European Union leaders to stop discussing balancing budgets and recapitalization of banks and find a solution to the current crisis through more economic growth, more trade and more jobs.

• Friday, October 14th 2011 - 03:12 UTC

  Uruguay forecasted to expand 5.5% this year and 4.5% in 2012

  

  The Uruguayan economy is forecasted to expand 5.5% this year generating 40.000 new jobs, and 4.5% in 2012, according to “Prospects and Tendencies” announced Thursday by the Economy Institute from the Economics Faculty.

• Monday, October 10th 2011 - 22:37 UTC

  Two US macro-economy experts awarded Nobel Prize in economics

  

  US academics Thomas Sargent and Christopher Sims shared the 2011 Nobel Prize in economics for work that helps governments and central banks weigh up responses to crises -though it offers no immediate answer to current global problems.

• Saturday, August 27th 2011 - 07:04 UTC

  Brazil ‘unofficially’ lowers 2011 growth estimate to 3.7% from 4%

  

  The Brazilian government has unofficially cut its outlook for 2011 GDP growth given a slowing world economy and unsustainably fast expansion last year, a local newspaper reported on Friday.

• Wednesday, August 24th 2011 - 07:02 UTC

  Mantega admits global crisis in having an impact: lowers Brazil growth to 4%

  

  Brazilian Finance minister Guido Mantega admitted before the Senate that the global financial crisis is already having an impact in the local economy and this will be reflected in a lower GDP for the twelve months.

• Thursday, August 18th 2011 - 06:57 UTC

  Fitch ratings sees a decade of opportunities for construction industry in Latam

  

  According to a new report issued by Fitch Ratings, the magnitude of investments in infrastructure during the next decade will provide unprecedented levels of opportunity for Latin American construction companies with the outlook for most companies in the industry being positive.