The United Nations (UN) forecasts lower economic growth for Latin America and the Caribbean in 2024, projecting a 1.6% increase in regional GDP, compared to an estimated 2.2% increase in 2023.
This forecast is attributed to restrictive monetary policies that will negatively impact aggregate demand,…
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Maduro announced the increase of the integral income to $100
Venezuelan President Nicolás Maduro presented himself to the National Assembly on January 15 to share the country's economic achievements over the past year.
In his speech, he announced the increase of the monthly economic war bond to 60…
Maduro will report to the AN on January 15
The President of Venezuela, Nicolás Maduro, will report to the National Assembly in his annual message to the nation, made on the last day allowed by the Constitution. Maduro, who took office in 2013, appeared before Parliament to outline…
Venezuela closed 2023 with inflation of 189.8%
The Central Bank of Venezuela (BCV) revealed that the country's cumulative inflation at the end of 2023 was 189.8%. This figure shows a significant decrease of 44.2 points compared to 2022, when inflation reached 234%.
During the month of…
Argentina closed 2023 with inflation of 211.4%
Argentina closed the year 2023 with year-on-year inflation of 211.4%, the highest figure since the period of hyperinflation in 1989-1990. This figure emerges from the first measurement carried out during the government of Javier Milei, who…
Peru maintains active surveillance on the border with Ecuador
In response to the growing violence on Ecuadorian territory, the Peruvian Armed Forces stepped up surveillance at "hot spots" along the border with Ecuador. This measure follows the declaration of emergency in five bordering regions of the…
President of Ecuador declared armed conflict
Ecuadorian President Daniel Noboa proclaimed a state of internal armed conflict in the country through a decree, an unprecedented measure that comes in response to the violent takeover of TV channel TC by armed men during a live broadcast.…
Cuba raised the price of fuel by 500%
The Minister of Finance of Cuba, Vladimir Regueiro Ale, announced last Monday a drastic increase in fuel prices, exceeding 500%, along with a 25% increase in the electricity tariff for consumers exceeding 500 kWh.
With this measure, the…
Panama continues to lead the world’s merchant fleet
Panama consolidated its position as the undisputed leader of the merchant fleet worldwide over the past year. With an impressive total of 8,540 flagged vessels and a gross registered tonnage (GRT) of 251.1 million, the Central American…
Investment in Brazil fell 36% between January and November
In the period from January to November last year, Brazil experienced a 36% decrease in Foreign Direct Investment (FDI), reaching 52.716 million dollars, according to data from the Central Bank. Equity holdings fell by 22.8%, while lending…
Argentine justice blocked Milei’s labor decree
The Argentine judiciary yesterday suspended the labor effects of the controversial mega decree of necessity and urgency (DNU), promoted by President Javier Milei, which had entered into force on December 29, 2023.
This decree, which…
Sudeban published the calendar of bank holidays of 2024
Through its official channels, the Superintendency of Banking Institutions (Sudeban) disseminated the calendar of bank holidays for the year 2024.
This schedule, which will govern the activities of the national banking system, was…