Germany's Federal Statistical Office (Destatis) confirmed the 0.1 % contraction of Gross Domestic Product in the second quarter of 2024.
Ruth Brand, president of Destatis, noted that this contraction comes after a slight increase of 0.2 % in the previous quarter.
Analysts, including the Federal…
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Venezuela creates the National Cybersecurity Council
The Venezuelan government created the National Cybersecurity Council through Official Gazette No. 42,939, dated August 12, 2024, with the participation of the ministries of Defense, Science and Technology, Economy, Finance and Foreign…
Venezuelan economy grew 8 % during the first semester
Venezuela's economy grew 8 % during the first half of 2024, according to data cited by the president of this nation, Nicolás Maduro, in a program on state television VTV.
The data provided by the Central Bank of Venezuela were cited when…
Central Bank of Venezuela will incorporate 200 and 500 bolivar bills into the monetary cone
The Central Bank of Venezuela announced the entry into circulation of two new banknotes, of 200 and 500 bolivars respectively, to join those that already make up the current monetary cone in the country.
In a press release, the BCV…
OVF: Inflation in Venezuela in July was 4 %
The Venezuelan Finance Observatory (OVF) indicated that during the month of July, inflation in Venezuela was 4 %.
The independent entity of the Central Bank of Venezuela also indicated that the interannual and accumulated inflation rates…
The Fed keeps interest rates between 5.25 % and 5.5 %
This Wednesday, the Fed announced through an official statement that the United States will maintain interest rates between 5.25 % and 5.5 %.
The body indicated that “in considering any adjustment to the price of money, the Committee will…
Dina Boluarte will call elections for 2026
Dina Boluarte, president of Peru, made the announcement about the call for elections for 2026, which will be launched next year, following what is established by the Constitution of the South American nation.
“The electoral advance is part…
Cost of the Family Food Basket for June reached $550.39
The report from the Center for Documentation and Social Analysis of the Venezuelan Federation of Teachers regarding the cost of the Family Food Basket for the month of June indicates an increase compared to the previous month of 0.6%, since…
IMF foresees a slowdown in global inflation in 2024
The International Monetary Fund recently indicated in a report that it foresees a reduction in global inflation this year of 5.9 %.
According to Pierre-Olivier Gourinchas, economic advisor and director of the IMF Research Department, this…
Latin America: cocoa, coffee and hydrocarbons boosted the market in the first half
The increase in the prices of items such as cocoa and coffee, together with the hydrocarbon sector, has maintained a good rhythm of the markets in Latin America, despite declines in the value of wheat and corn.
According to the Bloomberg…
Price of the BCV dollar this Tuesday, July 9
The exchange rate for the official dollar in Venezuela closes this Tuesday, July 9, at 36.50 bolivars, according to the Central Bank, the regulatory body in the area.
The value of the dollar is established by the weighted average at the…
Venezuela’s inflation between January and May was the lowest in 39 years
The president of Venezuela, Nicolás Maduro, referred to the country's inflation between January and May of this year as the lowest in 39 years. The inflation rate for said period was 7.8 %.
The statement was made by the president during…