The World Bank estimates that the Gross Domestic Product (GDP) of Latin America and the Caribbean will grow 3 % in 2022, a rate higher than expected due to the increase in the prices of raw materials.
However, the agency estimates that growth in 2023 and 2024 will slow down to 1.6 % and 2.3 %,…
Read More...
Browsing Tag
raw material
Latin America could enter a new positive wave of raw material
Latin America could re-enter a new commodity supercycle like the one that occurred in the 2004-2014 period, due to the restriction of the supply of many commodities due to environmental considerations.
This was indicated by the latest…
Biden will respect the autonomy of the Federal Reserve
Joe Biden, president of the United States, met Jerome Powell, president of the central bank, to discuss issues related to the economy and has promised to respect the autonomy and independence of the Federal Reserve in managing and…
New public purchases law will stimulate import substitution
The approval, by the National Assembly, of the Law on public purchases will allow the acquisition of nationally produced goods, which will promote the progressive substitution of imports.
Orlando Camacho, president of Fedeindustria and…
Russia is the second largest oil supplier to the US
The United States' imports from Russia of crude and refined petroleum products increased 23 % compared to May to reach about 844,000 barrels per day. This is demonstrated by the information published by the Energy Information Administration…
Venezuela creates telecommunications corporation
The anonymous company National Telecommunications and Postal Services Corporation of Venezuela, was recently created in Venezuela through Decree 3,854 published in the Official Gazette number 41,639. This was indicated in national broadcast…