Bolivian President Luis Arce Catacora held a meeting with his Russian colleague Vladimir Putin on the sides of the St. Petersburg International Economic Forum (SPIEF) during which both leaders agreed on joint undertakings in the South American country regarding lithium battery production in addition to discussing other bilateral topics of interest.
Argentine air traffic controllers nationwide announced an 18-day strike starting this coming Sunday to demand better salaries as people's incomes in the South American country have been dwindled by inflation. The measure is expected to affect air travel, albeit to a limited extent.
Uruguay's National Statistics Institute (INE) released a report Wednesday in Montevideo showing that the Consumer Price Index (CPI) went up 0.4% in May for an accumulated 3.25% in 2024 and a 4.1% yoy. In May 2023, inflation for the previous 12 months amounted to 7.1%.
Focusing on our current and future generations is at the heart of the Falkland Islands Government Budget for 2024/25. The Budget recognises these two themes are essential for the community to mitigate against the continued global cost of living crisis, and the uncontrollable situations happening around the world, which ultimately impact our economy.
Paraguayan foreign trade operators have expressed concern this week amid dropping water levels at the Paraguay and Paraná rivers affecting transportation capacity.
The international credit rating agency Fitch announced Tuesday that it was keeping Uruguay's BBB grade unchanged and with a stable outlook given the South American country's relatively high GDP, strong governance indexes, and sound external finances.
According to a report from Brazil's Institute of Geography and Statistics (IBGE) released Tuesday, the Gross Domestic Product (GDP) of South America's largest country grew 0.8% in the first quarter of 2024 compared to the last three months of 2023 and 2.5% interannually after a 0.1% contraction in the fourth quarter of last year.
According to a study published Monday by the Observatory of the Argentine Social Debt (ODSA for its acronym in Spanish), poverty rose to 55.5% of the population, affecting nearly 25 million people in the South American country in the first quarter of 2024. At the same time, indigence (a situation even below poverty) reached 17.5% with a food insecurity scope of 24.7% of the population.
Uruguay's Foreign Ministry Omar Paganini anticipated that revitalizing dialogue with China will be a main priority once his country takes over the pro-tempore presidency of the South American Common Market (Mercosur) on July 8.
The Chinese economy rebounding, seems to be the message both from the country's National Bureau of Statistics, NBS, and even the IMF with a more optimistic outlook. According to NBS industrial profits during April were again in positive territory and so are other important economic indicators, which showed a moderate improvement from March, highlighting a sustained recovery of the world's second-largest economy.