Tag: recession

• Wednesday, November 18th 2020 - 08:51 UTC

  Colombia in recession for the first time since 1999

  

  Colombia entered in recession for the first time since 1999 due to the paralysis caused by the Covid-19 pandemic, after registering for the second consecutive quarter a contraction in Gross Domestic Product (GDP).

• Wednesday, November 18th 2020 - 08:48 UTC

  Brazil surging out of recession strongly, according to Q3 activity data

  

  Brazil is emerging from a recession caused by the coronavirus, Economy Minister Paulo Guedes said hours after the publication of a closely-watched indicator showing activity surged in the third quarter.

• Friday, October 30th 2020 - 18:09 UTC

  US economy grew 33,1% in Q3 on trillions of relief, but 23 million Americans still on unemployment benefit

  

  The U.S. economy grew at a historic pace in the third quarter as the government injected more than US$ 3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal.

• Tuesday, October 20th 2020 - 09:54 UTC

  Populism in Brazil: how liberalisation and austerity led to the rise of Lula and Bolsonaro

  

  By Patricia Justino and Bruno Martorano (*) – While the rise of populist politicians in Europe and the US gets a lot of attention from the media and researchers alike, the drivers of the populism taking hold in emerging and developing economies still receives relatively little scrutiny.

• Saturday, October 17th 2020 - 08:52 UTC

  Moody's cuts UK debt rating on recession, Brexit and lack of clear budget plans

  

  Ratings agency Moody’s cut the United Kingdom’s debt rating on Friday over the huge economic hit from the coronavirus crisis, Brexit and the lack of clear budget plans from Prime Minister Boris Johnson’s government.

• Friday, October 16th 2020 - 09:31 UTC

  UN agency advises Latin American to stimulate economies and help contain poverty and unemployment

  

  Countries of Latin America and the Caribbean must continue to ratchet up stimulus to beat back the devastating economic impacts of the coronavirus pandemic, the UN agency ECLAC said in a report issued this week.

• Monday, October 12th 2020 - 09:34 UTC

  IMF mission concludes a preliminary “exploratory” visit to Argentina

  

  An International Monetary Fund mission concluded a visit to Argentina on Sunday, after several days of preliminary talks aimed at repaying about US$ 44 billion owed by the cash-strapped government to the fund.

• Tuesday, October 6th 2020 - 09:35 UTC

  IMF admits Brazil's economy is doing better than forecasted, but warns about debt and a second Covid-19 wave

  

  Brazil's economy is set to shrink by 5.8% in 2020, the International Monetary Fund said on Monday, revising up an earlier forecast but warning the country faced “exceptionally high” risks.

• Wednesday, September 30th 2020 - 09:46 UTC

  Brazil post a primary budget deficit of US$ 17bn in August; 9% of GDP in eight months

  

  Brazil's government posted a primary budget deficit of 96.1 billion reais (US$ 17 billion) in August, the Treasury said on Monday, as the coronavirus crisis continued to necessitate huge emergency spending.

• Friday, September 11th 2020 - 08:33 UTC

  Peruvian opposition want to sack the economy minister in the midst of the country's worst plunge

  

  Peruvian opposition lawmakers filed a censure motion to oust the government’s economy minister, underscoring political tensions as the country rides out its deepest economic plunge in decades due to the coronavirus pandemic.