Tag: economy

• Saturday, May 28th 2011 - 08:21 UTC

  Latam has “unprecedented opportunity” to double GDP in next 14 years

  

  The nations of Latin America and the Caribbean have an unprecedented opportunity to attain human development standards comparable to the industrialized world by 2025, Inter-American Development Bank President Luis Alberto Moreno said on Friday.

• Friday, May 27th 2011 - 09:26 UTC

  Defence minister denies Argentina is “obstructing” the Falklands economy

  

  Defence minister Arturo Puricelli denied Thursday that Argentina was obstructing the economy of the Malvinas Islands as claimed by Falklands’ governor Nigel Haywood in his state of the nation speech to the elected Legislative Assembly of the Islands.

• Friday, May 27th 2011 - 08:44 UTC

  Roubini forecasts Uruguay needs additional measures to contain inflation

  

  Roubini General Economics, RGE, founded by Nouriel Roubini the economist described as Dr. Doom for having predicted long before his peers the US financial and mortgage crisis said the Uruguayan government must apply additional measures to higher rates and bank reserves, to help contain inflation.

• Thursday, May 26th 2011 - 18:52 UTC

  Former minister criticizes Argentine economy management and warns on inflation

  

  Argentina’s former cabinet chief Alberto Fernandez warned that the government is “not looking at the economy as it should” and is risking “all the good things that have been done so far”. He was also very critical of Economy minister Amado Boudou.

• Tuesday, May 24th 2011 - 00:59 UTC

  One in four Italians faces poverty because of the economy’s chronic low growth

  

  One Italian in four currently faces poverty as a result of the global financial crisis and their country's chronically low growth, the national statistics institute Isat said on Monday in a report.

• Tuesday, May 24th 2011 - 00:46 UTC

  Argentina’s April trade surplus suffers significant contraction on soaring imports

  

  Argentina's trade surplus narrowed 38% in April compared to a year ago with imports increasing far more swiftly than exports, official data showed on Monday.

• Tuesday, May 24th 2011 - 00:40 UTC

  S&P revises upward Brazil’s sovereign credit rating from stable to positive

  

  Standard & Poor's said on Monday it had revised its outlook on Brazil's sovereign credit rating to “positive” from “stable,” citing the prospect for steady, long-term economic growth.

• Sunday, May 22nd 2011 - 13:26 UTC

  Argentine economic activity expands 7.8% in March over a year ago

  

  Economic activity in Argentina expanded 7.8% in March compared to the same month a year ago and 0.5% over February, according to the provisional percentages from the government’s National Statistics Institute, INE.

• Saturday, May 21st 2011 - 09:59 UTC

  Argentina posts strong primary surplus pushed by economic growth and inflation

  

  Argentina posted a primary budget surplus 1.97 billion Pesos (455 million US dollars) in April, up 4.8% from the 1.88 billion Peso surplus a year earlier, the government said on Thursday.

• Saturday, May 21st 2011 - 09:45 UTC

  Lipsky calls for continued support for ‘shaky’ economies in Europe

  

  The global economic recovery is accelerating but remains vulnerable to setbacks said IMF acting Managing Director John Lipsky said as he urged continued international support for shaky economies in Europe.