
An estimated 28.5 million Latin American and Caribbean people live outside their birth countries, 70% of them in the United States, while a majority of the immigrant population of 7.6 million originated from other countries in the region, according to a new study by the Economic Commission for Latin America and the Caribbean (ECLAC).

Argentina’s tax revenue was at last count the largest and fastest growing in the region, the UN Economic Commission for Latin America and the Caribbean (ECLAC) revealed on Monday. At 37.3%, the latest tax revenue-to-GDP data put Argentina ahead of Brazil, with tax revenue worth 36.3% of its GDP in 2012 — and a few percentage points above the average for OECD countries at 34.6%.

Bank of England has chosen not to inject any more money into the economy, leaving its quantitative easing (QE) programme at £375bn. The Bank also left interest rates unchanged at 0.5%.