In its autumn report, the European Commission cuts expectations for growth of the Gross Domestic Product (GDP) in the euro area for 2023, placing them at 0.6 %, marking a decrease of 0.2 percentage points compared to the summer forecasts.
Simultaneously, the entity has revised upward the inflation…
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economic growth
JP Morgan: “The world will avoid economic recession”
At an event organized by JP Morgan Asset Management, Lucía Gutiérrez-Mellado, the firm's director of strategy, announced a slowdown in economic growth. However, she stressed that recession has been avoided, and the strength of this slowdown…
Fedecámaras in favor of a law that protects investments
The president of the Federation of Chambers and Associations of Commerce and Production of Venezuela (Fedecámaras), Adán Celis Michelena, recently stressed the importance of a law, which is approved by the National Assembly, to protect…
Venezuela finds balance in its exchange strategy, according to economic expert
Economist César Aristimuño, general director of the Aristimuño Herrera & Asociados Consulting Firm, highlights that the exchange intervention strategy implemented by the Central Bank of Venezuela (BCV) has proven to be effective in…
Colombia forecasts economic growth and inflationary challenges
The Colombian Government has released its calculations regarding the expected increase in the country's Gross Domestic Product (GDP) for this year, setting the estimates between 1.8% and 2%, as reported by Europa Press on August 17, 2023.…
Economic growth picks up in the eurozone
The eurozone experienced a slight rebound in its economic growth during the second quarter, after having stagnated in the first three months of the year, although difficulties persist in Germany, according to what was revealed in a first…
ECLAC projects economic growth of 5 % for Venezuela
The economic growth projection for Venezuela this 2023 is estimated at 5 %, according to the recent report by the Economic Commission for Latin America and the Caribbean, ECLAC.
This Thursday, the agency updated the economic growth…
Argentine GDP had a growth in 2022 of 5.2 %
The Gross Domestic Product (GDP) of Argentina grew by 5.2 % year-on-year in 2022, driven by a positive performance in almost all sectors of activity, with the exception of agriculture, livestock, hunting and forestry, which fell by 4, 1 %.…
IMF and El Salvador assess the region’s economy
The Government of El Salvador received a visit from the Executive Board of the International Monetary Fund (IMF) to evaluate the economy of the region. The meeting is held as part of the traditional visit that the IMF maintains with member…
The IDB will finance El Salvador with 92 million euros
The Inter-American Development Bank (IDB) has approved a loan for El Salvador for a total amount of 100 million dollars (92.3 million euros) to support the growth of micro, small and medium-sized companies in the country, in line with…
Eurozone faces a moderate recession
The economy of the Eurozone is facing a slowdown after the strong rebound in growth experienced, which could even become a "moderate recession", but far from a crisis scenario like that of 2008, according to the chief economist of the…
European Commission forecasts increase of inflation in Spain to 8.1 %
The European Commission made new forecasts for inflation growth in Spain for this 2022, raising the forecast to 8.1 % compared to the 6.3 % estimated last May and maintaining 4 % for the growth of the Spanish economy at closing of the year.…