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Montevideo, July 20th 2019 - 22:56 UTC

Tag: GDP

  • Saturday, July 20th 2019 - 09:50 UTC

    Strong contraction of Uruguay's economy: GDP forecasted to grow 0.6% this year

    Minister Astori said “the government was making everything possible to recover growth levels, and at the same time, improve fiscal results”.

    Uruguay's Economy minister admitted on Friday that the country will end 2019 with a “very modest growth”, in the range of 0.6%, but was confident the economy would pick up in 2020 when the construction of a new pulp mill, with an investment of at least two billion dollars, is scheduled to start.

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  • Thursday, April 11th 2019 - 09:31 UTC

    The Trouble with Argentina’s Economy

    The peso devaluation and the consequent rise in inflation have intensified Argentina’s distributive conflict, with workers demanding wage increases

    With sustained economic growth, Argentina would be able to avoid another debt crisis. Although there are no silver bullets to put the economy on a more stable path, changing current macroeconomic policies would at least give the country a chance.

  • Saturday, February 16th 2019 - 11:10 UTC

    Brexit has cost UK economy some £80 billion since the 2016 vote, says BoE policymaker

    Gertjan Vlieghe, an external member of the central bank’s Monetary Policy Committee, said that, since the June 2016 vote, 2% has been shaved off GDP

    Brexit has cost the British economy at least £80 billion since the referendum and the shock of a no-deal divorce could see interest rates slashed, according to a Bank of England policymaker. Gertjan Vlieghe, an external member of the central bank’s Monetary Policy Committee, said that, since the June 2016 vote, 2% has been shaved off GDP.

  • Thursday, February 14th 2019 - 10:15 UTC

    “Food emergency” demand march in Argentine cities

     Since President Macri came to power in 2015, electricity bills have gone up 210% and gas 300%, following on the removal of significant subsidies

    Thousands took to the streets in 50 Argentine cities and towns Wednesday demanding that the government declare a “food emergency” and put an end to suffocating price increases. Since President Mauricio Macri came to power in 2015, electricity bills have gone up 210% and gas 300%. The government blamed the increase on the removal of significant subsidies in place under the previous administration.

  • Wednesday, February 13th 2019 - 09:41 UTC

    Stable low inflation and expansion forecasted by Brazilian financial market

    The figures reaffirm the market's expectation that the Central bank will keep the benchmark interest rate at its current annual level of 6.5%, the lowest in history

    Brazil's financial market has cut its forecast of the country's inflation rate from 3.94 to 3.87 percent for 2019 and kept the rate at 4% for 2020, the Central Bank of Brazil reported. According to the Focus survey conducted by the bank among Brazil's main financial institutions, the forecasts are within the official target of 4.25 percent, with a tolerance margin between 2.75 percent and 5.75 percent.

  • Friday, February 1st 2019 - 11:10 UTC

    Brazil's fiscal deficit in December, a challenge for Bolsonaro and the new Congress

    There was little reaction in Brazilian financial markets, where the Real was already trading at a three-month high around 3.65 per dollar

    The Brazilian government posted a fiscal deficit of 41.13 billion reais (US$ 11.27 billion) in December, the third widest monthly deficit on record, the central bank said on Thursday. While it was in line with forecasts and amplified by seasonal factors, the shortfall highlights the challenge of exerting tighter control over the country's finances which new President Jair Bolsonaro has said is one of his top priorities.

  • Tuesday, January 29th 2019 - 08:30 UTC

    Investors confident of Brazil: Net FDI flows equaled 4.7% of GDP in 2018

    Brazil’s current account deficit last year rose to US$ 14.51 billion, or 0.77% of GDP, almost exactly double the US$ 7.235 billion shortfall registered in 2017

    Brazil’s current account deficit doubled last year as economic growth fueled demand for foreign goods and services, while foreign investment reached its highest share of GDP since 2001, the central bank said on Monday.

  • Saturday, January 19th 2019 - 09:13 UTC

    Argentina complies with IMF 2018 primary fiscal deficit target: 2.4% of GDP

    Dujovne said primary fiscal deficit, which excludes debt payments, of 338.987 billion pesos (US$ 8.992 billion) last year, equivalent to 2.4% of GDP

    Argentina outperformed its primary fiscal deficit target for 2018, Economy Minister Nicolas Dujovne said on Friday, assuring that the country’s standby finance deal with the International Monetary Fund remains on track.

  • Tuesday, December 18th 2018 - 09:00 UTC

    Brazil's GDP expected to rise 2% in 2019, says farmers' lobby CNA

    Jair Bolsonaro named the head of Congress’ farm caucus, Tereza Cristina, to be his agriculture minister.

    Brazil's agriculture gross domestic product is expected to rise 2% year-on-year in 2019, compared to a forecasted drop of 1.6% this year, farmer’s union CNA said. CNA laid out an optimistic view for 2019 with positive outlooks for Brazil’s economy and agriculture policy.

  • Tuesday, October 23rd 2018 - 08:31 UTC

    United States 2018 federal budget deficit at its highest since 2012: US$ 779bn

    The budget shortfall rose to 3.9% of U.S. GDP. The deficit increased by US$ 70 billion less than anticipated in a report published in July

    The United States federal budget deficit rose in fiscal 2018 to the highest level in six years as spending climbed, the Trump administration said. The deficit jumped to US$ 779 billion, US$ 113 billion or 17% higher than the previous fiscal period, according to a statement from Treasury Secretary Steven Mnuchin and Office of Management and Budget Director Mick Mulvaney.