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MercoPress, en Español

Montevideo, May 17th 2025 - 12:27 UTC

Tag: Gross Domestic Product (GDP)

  • Wednesday, April 16th 2025 - 19:13 UTC

    Paraguay's GDP projections revised upwards

    The soybean complex is anticipated to underperform compared to broader economic growth due to adverse weather conditions, according to the BCP forecast

    The Central Bank of Paraguay (BCP) has revised its 2025 GDP growth forecast upward from 3.8% to 4.0%, driven by stronger-than-expected economic activity in early 2025, BCP Chief Economist César Yunis explained. To reach these conclusions, the following issues were taken into consideration:

  • Tuesday, October 22nd 2024 - 20:49 UTC

    IMF foresees prosperous 2024 for Paraguay

    Argentina is at the bottom of the IMF's list, with GDP expected to contract by 3.5%

    According to the International Monetary Fund's (IMF) “World Economic Outlook” report released Tuesday in Washington DC, Paraguay is the country in the region that will grow the most this year with a projected Gross Domestic Product (GDP) of 3.8%, way above South America's 1.8% average. Following Paraguay is Uruguay's 3.2% GDP, with Brazil, Peru, and Venezuela tied at 3%. Argentina ranks at the bottom of the list (-3.5%).

  • Thursday, December 27th 2018 - 21:59 UTC

    Peru's GDP forecast to go up in 2019 thanks to private investment, domestic consumption

    “The key risk would come from the trade war between the United States and China,” Surya said.

    Peru's gross domestic product (GDP) is set to expand 3.7% this year and the next, boosted by the good performance of private investment and consumption, according to The Economist.

  • Tuesday, October 23rd 2018 - 08:53 UTC

    Argentina's primary deficit falls to 1.1% of GDP, the lowest since 2012

    The figures put the Argentine government on track to beat its 2.6% 2018 deficit target set earlier in the year, Treasury Minister Nicolás Dujovne said

    Argentina's primary deficit fell to 1.1% of Gross Domestic Product (GDP) between January and September this year, compared to 2.1% over the same period in 2017, the Finance Ministry announced on Monday.

  • Saturday, October 20th 2018 - 08:37 UTC

    Moody's cuts Italy's credit rating and EC warns over 2019 budget plans

    At the heart of the concerns is Italy's public debt, which amounts to 2.3 trillion Euros, or 131% of GDP, the highest rate in the Euro zone after Greece

    Moody's has cut Italy's credit rating by a notch over concerns about plans for larger deficits and the high public debt load as the country's populist government clashes with Brussels over its budget. The European Commission formally warned Italy late Thursday that its budget plans for 2019 are a serious concern, launching a high-stakes process that could see Rome hit with unprecedented sanctions for breaking commitments to Brussels.

  • Tuesday, September 11th 2018 - 08:33 UTC

    UK economy outperforms boosted by services and construction sectors

    On a 3 month basis, the services sector grew 0.6% on the back of a rise in retail and wholesale trading, bolstered by food sales during the World Cup and hot weather

    The United Kingdom economy bounced back in July as the services sector rebounded and construction output reached a record high. The Office for National Statistics (ONS) said the economy expanded 0.3% in July, while gross domestic product (GDP) rose 0.6% on a three-month basis.

  • Thursday, August 23rd 2018 - 08:48 UTC

    Chile's GDP in the second quarter grew 5.3%

    The sharp increase in growth, up 0.7% over the first quarter of 2018 according to bank figures, came amid strength in the manufacturing and commerce sectors

    Chile's gross domestic product grew 5.3% in the second-quarter of 2018 compared with a year earlier, its biggest jump in nearly six years, the central bank said this week.

  • Wednesday, June 27th 2018 - 08:12 UTC

    Argentine economy shrinks 0.9% as agriculture hit by drought plummets 31%

    It was the first negative monthly reading since February 2017. The economy shrank 2.7% in April from March

    Argentina’s economy shrank in April for the first time in more than a year, government data showed on Tuesday, while the central bank held its policy rate stable at 40% in the first rate decision since a shakeup in its leadership.

  • Tuesday, April 24th 2018 - 08:42 UTC

    Brazil poised for historic oil boom

    A range of analyst and oil company estimates put the breakeven price for pre-salt fields at less than US$ 40 per barrel compared to US$ 45 seven years ago.

    By Mathew Smith<br />
    <br />
    After being caught up in major corruption scandals and suffering from what some have claimed was its worst economic downturn in 100-years, Brazil has pulled itself back from the brink. The economy commenced growing again in 2017 with gross domestic product (GDP) expanding by 1 percent and 2018 GDP growth forecast by the International Monetary Fund (IMF) to be 2.3%.

  • Wednesday, September 28th 2016 - 10:04 UTC

    Global trade set to grow at its slowest pace since 2009 financial crisis warns WTO

    WTO said that global trade was now estimated to expand by just 1.7% this year, compared to its April projection of 2.8%.

    The World Trade Organization Tuesday lowered its global trade forecast, warning that anti-globalization rhetoric and Brexit were pushing trade growth to its slowest pace since the financial crisis. The warning comes as talks on a landmark free trade deal between the European Union and the United States faces stiff opposition and Britain’s EU exit causes jitters.

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