Browsing Tag

economy

WB issues alert on growth in Latin America

The chief economist for the Latin America and Caribbean region of the World Bank, William Maloney, expressed his concern about the low economic growth that is forecast for the coming months in the Latin American region, highlighting at the same time the "heterogeneous" figures that occur between…
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Cryptocurrencies

Thailand will need more time for its CBDC

The Central Bank of Thailand (BOT) assured that it has no intention of rushing the launch of its own digital currency, CBDC, so it will take more time than expected to study this possibility and determine the benefits it would bring to the…
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Biden policies benefit Hispanics

The director of the National Economic Council of the White House, Brian Deese, assured that the economic policies of the President of the United States, Joe Biden, have a particular focus on the Hispanic community. “Not only do they record…
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China’s GDP grew by 3.9 %

China's Gross Domestic Product (GDP) registered a growth of 3.9 % in the third quarter compared to the same period of the previous year, as well as in relation to the second quarter of the year, according to data published by the National…
Cryptocurrencies

Hong Kong presented its CBDC prototype

The authorities of Hong Kong, China, presented the prototype of what will be its digital currency issued by the central bank (CBDC). This project is called "Project Aurum", which includes a two-tier platform with a wholesale interbank and…
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The yen continues to slide

The exchange rate of the yen against the dollar fell this Friday to its lowest level in the last 32 years due to the prospect that the United States Federal Reserve (Fed) will continue to increase interest rates, which fuels speculation on…
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Inflation in Europe reached 9.9 %

The year-on-year inflation rate in the euro area stood at 9.9 % last September, which marks a new historical record and represents an acceleration of eight tenths compared to that registered in August, although it is one tenth below the…
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The bolivar has suffered a devaluation of 44 %

Taking as a reference the value of the dollar for mid-September, located at 8.02 bolívares, a devaluation of the Venezuelan currency is estimated at 40 %. The US currency, on the other hand, has shot up in the market, leading to a 3 %…