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MercoPress, en Español

Montevideo, July 26th 2025 - 18:20 UTC

Tag: 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.

  • Wednesday, October 17th 2018 - 08:52 UTC

    Another headache for the EU: Italy and its populist budget

    The budget proposes increases both Italy's overall government debt and its deficit pushing it as high as 2.4% of GDP. Mandated maximum deficit is 0.8% of GDP

    Italy's government on Tuesday pushed the country closer to a showdown with the European Union after submitting its latest budget for review. The budget proposes increases both Italy's overall government debt and its deficit in the short run pushing the deficit as high as 2.4% of GDP over the coming years. This means Italy will fall foul of a previously mandated maximum deficit level of 0.8% of GDP.

  • Wednesday, September 19th 2018 - 08:28 UTC

    Brazilian economy recovering at snail pace: 1.19% in seven months of 2018

    Economic activities recovered in June, with an increase of 3.42% from May, and in July it recorded a growth of 0.57%, similar to that of April, 0.58%. Photo: Referencial

    Brazil's economy grew 0.57% in July from June, Brazil's Central Bank said citing the Economic Activity Index (IBC-Br). The data shows a second consecutive month of GDP growth in South America's largest economy.

  • Thursday, August 30th 2018 - 09:10 UTC

    U.S. economy in the second quarter expanded at an annualized 4.2%

    Stronger software investment and a smaller import bill offset a downward revision to consumer spending

    The United States economic growth was stronger than initially thought in the second quarter, notching its best performance in nearly four years and putting the economy on track to hit the Trump administration’s goal of 3% annual growth.