Uruguay's interannual inflation during the month of April of 2022 reached nearly 9.4%, as prices rose below projections thanks to sharp decreases in fruits, vegetables, and meat.
Uruguayan Foreign Minister Francisco Bustillo received on Tuesday his Brazilian counterpart Carlos França at the headquarters of the Ministry of Foreign Affairs in Montevideo to discuss, among other issues, Mercosur's flexibilization and the reduction of the common external tariff.
Chilean president Gabriel Boric did not have kind words for Argentina's social relief policy when explaining how his administration was going to address support policies in the post-pandemic period and current global war situation, propping the economy and creating jobs.
Several Chinese companies purchased Russian coal paying in Chinese currency in March, and the first shipment would be made in April, according to Fenwei Energy Information Service Co., China’s leading information and service provider to the coal and coke industries. This is also the first shipment of Russian commodities paid in Yuan to arrive in China after Russia was sanctioned by Western countries.
As Argentina's inflation continues to grow with no end in sight and the news is that guidelines agreed upon with the International Monetary Fund (IMF) already need to be reviewed because they were based on a CPI that is no longer attainable, Economy Minister Martín Guzmán is beginning to take flak from friends and foes alike, casting doubts on his chances of remaining in office.
Uruguayan exports including duty-free zones for the month of April totaled US$ 1.115 billion, according to the Uruguay XXI Institute's monthly report released Monday.
Soybeans, corn, sugar, coffee, beef, pork, and chicken are the main goods in Brazil’s export portfolio, and should benefit from the current 'food inflation' in world markets until probably 2023, says analyst Elizabeth Johnson from the TS Lombardy consultancy.
The economies of Latin America and the Caribbean face a complex situation in 2022 because of the Russia/Ukraine war with its shadow of uncertainty for the world economy. This is negatively affecting global growth, and at regional level, lower expected growth will be accompanied by higher inflation and slower employment recovery.
The COVID-19 pandemic has almost the whole world going in one direction and China doing quite the opposite and measures of the utmost severity have led to the strict confinement of some 343 million people to enforce a zero-tolerance policy as cases of the Omicron variant keep being detected through mass, compulsory testing.
The European Union's Ambassador to Argentina said Thursday that if the trade agreement between the EU and Mercosur was to be revived it was now or never.