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 to Oliveros, “We are currently at the lowest level of foreign…
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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…
Venezuela’s April inflation reached 18.4 %
Recent data from the Venezuelan Finance Observatory (OVF) show that Venezuela's inflation in April reached 18.4 %, 5.3 points higher than in March.
According to the OVF, "the food basket reached a value of $ 409, reaching its highest level…
Spain will experience accelerated economic growth until 2030
The International Monetary Fund's economic growth forecasts for Spain are expected to be higher than those for the Eurozone until 2030, thanks to positive deficit and debt forecasts.
In its World Economic Outlook report, the IMF predicts…
Fedecámaras describes commercial activity in the first quarter of the year as slow
The second vice president of Fedecámaras, Tiziana Polezel, stated last week that the commercial sector's dynamics were minimal during the month of March. She noted that the first quarter was slow.
She cited the exchange rate differential…
IMF cuts GDP growth projection for Latin America and the Caribbean
The International Monetary Fund estimated a slowdown in GDP growth for Latin America and the Caribbean in 2025, according to the organization in its World Economic Outlook report, released last week.
This cut is primarily due to a 0.3 %…
China suspends purchase of Boeing aircraft
Chinese airlines have received communication from the government about the suspension of the purchase of Boeing aircraft in response to the United States tariffs.
According to official instructions, the Chinese government's decision…
US inflation slowed in March
US inflation slowed significantly in March, demonstrating the strength and resilience of the economy despite the trade tariffs imposed by President Donald Trump.
Economists have already warned that last Thursday's CPI report "could very…
Venezuela will target the export of fishery and agricultural products to the BRICS market
The Venezuelan government indicated that it will seek to market its fishery and agricultural products in the BRICS market to address US tariffs.
Venezuelan Trade Minister Coromoto Godoy indicated that government representatives have…