Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, December 22nd 2024 - 05:54 UTC

Tag: GDP growth

  • Thursday, February 28th 2019 - 09:18 UTC

    Argentina's economic activity dropped 2.6% in 2018, says Indec

    The areas which suffered the most significant blow were wholesale and retail which dropped 15.7%, followed by manufacturing, 14.2% and construction, 12.7%

    Argentina's economic activity fell 2.6% in 2018 versus the previous year, government statistics agency Indec said on Wednesday, underscoring the turmoil that dragged the country into recession last year.

  • Tuesday, January 15th 2019 - 09:12 UTC

    Argentina sued again by hedge fund on bonds tied to GDP growth

    After its meltdown Argentina offered to exchange the defaulted debt for new bonds, at a sharp decrease in value, in 2005 and 2010. (Referencial)

    Aurelius Capital Management LP, one of the lead hedge funds that settled a massive litigation over defaulted bonds with Argentina in 2016, is suing the country again, this time over US$ 84 million in payments it says the nation owes. The case is Aurelius Capital Master Ltd. v. the Republic of Argentina, 19-cv-351, U.S. District Court, Southern District of New York (Manhattan).

  • Saturday, October 27th 2018 - 09:43 UTC

    Government and consumer spending boosts US economy in third quarter

    The economy is underpinned by a US$ 1.5 trillion tax cut and increased government spending

    The US economy slowed less than expected in the third quarter as a tariff-related drop in soybean exports was partially offset by the strongest consumer spending in nearly four years, keeping it on track to hit the Trump administration’s 3% growth target this year.

  • Friday, June 29th 2018 - 08:40 UTC

    Brazil central bank slashed 2018 growth forecast to 1.6%

    The bank sees GDP growth of 1.6% this year, according to its quarterly inflation report, compared to 2.6% previously.

    Brazil’s central bank on Thursday slashed its growth forecast for 2018 gross domestic product after a nationwide truckers strike paralyzed key sectors of Latin America’s largest economy. The bank sees GDP growth of 1.6% this year, according to its quarterly inflation report, compared to 2.6% previously.