In May, Brazil's fiscal deficit narrowed to 7.56 % of accumulated Gross Domestic Product over the last 12 months, according to the Central Bank's report released Monday.
"In May alone, the consolidated nominal public sector deficit of Latin America's largest economy, which includes primary income…
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Paraguay decreed a 3.6 % increase in the minimum wage
On Friday, June 27, the president of Paraguay, Santiago Peña, signed the decree corresponding to the 3.6 % increase in the country's minimum wage.
"In this way, workers' compensation is adjusted by 100,739 guaraníes, increasing the current…
Tourism sector is key to Venezuela’s economic growth
Venezuela's economic diversification process is strengthened by incorporating tourism as a key element of growth, according to a recent statement by the Minister of Tourism, Leticia Gómez.
The official emphasized that, in this regard, they…
China’s industrial sector reported expansion in May
Reports for May in China's industrial sector indicate sustained growth, driven by innovation. According to data for last month, "China's value-added industrial output grew 5.8 percent year-on-year."
In the manufacturing sector, value-added…
Tension in the Middle East causes rising of oil prices
Conflicts in the Middle East have always influenced oil prices. The current crisis in the region is no exception, and the increase in the price of a barrel of crude oil has a positive impact on the Venezuelan economy.
Expert opinions…
OVF: Annualized inflation in May reached 229 %
The monthly inflation rate in Venezuela stood at 26 % last May, according to the Venezuelan Finance Observatory report. In April, the Venezuelan Finance Observatory placed this indicator at 18.4 %.
According to the independent entity, the…
Peru’s cumulative inflation was 1.05 % from January to May
From January to May, Peru recorded cumulative inflation of 1.05 %, while for the month of May, the Consumer Price Index (CPI) nationwide decreased by 0.05 %.
This was reported this Sunday, June 1, by the National Institute of Statistics…
Foreign currency transactions decrease in Venezuela
Economist Asdrúbal Oliveros, managing partner of Ecoanalítica, recently indicated in a radio interview that foreign currency transactions in Venezuela have decreased to 16 %, while 84 % are made in bolivars, the local currency.
According…
Trump tariffs will remain in place following Appeals Court order
The reciprocal tariffs imposed by United States President Donald Trump were declared illegal by a federal trade court on Wednesday, ruling that the president alone does not have the right to impose this tax package.
The ruling was released…
Gold and silver payments will be a reality in Florida
New Legislation HB 999, signed on Tuesday, May 27 in Florida, by Governor Ron DeSantis in Apopka, establishes the use of gold and silver coins in the payment of goods, services, taxes, and other financial obligations, following specific…
Germany launches plan to confront recession
Germany is facing a severe recession with an immediate action plan. However, analysts see little chance of a quick recovery.
It is important to highlight that it is the only country on the continent to have faced this situation for two…
Drop in dollar payments worries the retail sector
Payments in dollars, the US currency, have declined alarmingly during the first months of 2025, according to the retail sector in Venezuela.
The sector has pointed out that "the use of US dollars as a payment method in retail stores has…