Tag: recession

• Saturday, June 27th 2020 - 07:59 UTC

  Mexico's economy contracted a record 17,3% in April from March and 19,9% year on year

  

  Mexico’s economy posted a record contraction in April, official data showed on Friday, as the effects of the coronavirus lockdown devastated economic activity, particularly in manufacturing.

• Wednesday, June 24th 2020 - 11:57 UTC

  MSCI warns that the Argentina Index could be removed from the MSCI Emerging Markets Index

  

  MSCI Inc, the world’s largest index provider, warned on Tuesday that the MSCI Argentina Index could be removed from the MSCI Emerging Markets Index should it become harder for foreign investors to access its stock market.

• Wednesday, June 24th 2020 - 10:52 UTC

  Argentina's economy contracted 5,4% and unemployment reaches 10,4% in first quarter

  

  Argentina's economy contracted 5.4% in the first three months of 2020, the government statistics agency said on Tuesday, the worst quarter in a year as the major grains and oilseeds producer was sideswiped by the impact of the global coronavirus pandemic.

• Thursday, June 18th 2020 - 12:36 UTC

  Brazil retail sales plunge in April anticipating a major contraction of the economy

  

  Brazilian retail sales plunged at a record pace in April as social isolation measures choked spending, official figures showed indicating the economy’s contraction in the second quarter could be even more severe than anticipated.

• Wednesday, June 17th 2020 - 12:09 UTC

  Investment inflows to Latina America forecasted to halve from US$ 164 billion

  

  Investment flows to Latin America are expected to halve in 2020 from the US$ 164 billion received last year, according to UNCTAD's World Investment Report 2020.

• Thursday, June 11th 2020 - 13:17 UTC

  Fed anticipates near zero rate through 2022 and will keep buying bonds

  

  The United States Federal Reserve says it will keep buying bonds to maintain low borrowing rates and support the U.S. economy in the midst of a recession. And it says nearly all the Fed's policymakers foresee no rate hike through 2022.

• Tuesday, June 9th 2020 - 11:59 UTC

  Brazil central bank survey shows economy forecasted to contract 6,5% this year

  

  The outlook for Brazil’s economy deteriorated for a 17th week in a row, with Latin America’s largest economy now expected to shrink by 6.5% this year, a central bank survey of economists showed on Monday.

• Tuesday, June 2nd 2020 - 09:00 UTC

  Brazilian economy forecasted to contract 6,25% and rebound 3,5% in 2021

  

  Brazil's financial analysts downgraded their economic growth forecast for 2020 from -5.89% to -6.25%, marking the 16th downward adjustment in a row, the Central Bank of Brazil said on Monday.

• Friday, May 29th 2020 - 07:33 UTC

  German economy to shrink 6,6% this year but rebound 10,2% in 2021

  

  The German economy is likely to shrink by 6.6% this year as a consequence of the coronavirus pandemic before growing by 10.2% in 2021, the Ifo Institute said on Thursday in its latest update.

• Saturday, May 23rd 2020 - 09:57 UTC

  Argentina in “technical default” while negotiations with sovereign bondholders continue

  

  Argentina “technically” defaulted on Friday for the second time this century after failing to pay US$505 million of interest on its bond debt, but it continues to negotiate a restructuring with creditors. “We're not paying but the negotiations are continuing,” a government official said.