–Researched and written by Katie Freund In Guanajuato, Mexico, long lines of cars stretch out of the gas stations that are still open.
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After the construction company Odebrecht admitted in US courts to bribes in exchange for contracts, numerous Latin American companies have announced investigations in their own countries.
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The Minister of Social Inclusion, Cayetana Aljovín, emphasized that the projects will be located in rural communities that are experiencing extreme poverty.
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Shortly before Christmas, the government of Rio de Janeiro in Brazil suspended wages, leaving many workers feeling uncertain going into the holidays.
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Venezuela saw over 30% of its companies go out of business in 2016, due to inventory shortages and increasingly high product prices.
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Christmas spending often provides economic stimulus at the year’s end, but holiday purchases seem unlikely to provide much relief in Argentina.
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As the Venezuelan currency crashes, some analysts anticipate that inflation will reach up to 1,500%.
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Currently, 90% of all the security, maintenance and cleaning jobs in Brazil, close to 3 million, are outsourced.
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Due to a profound lack of jobs in the formal economy, over four million Guatemalans daily turn to less secure, unregulated work opportunities to feed their families and make ends meet.
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In the months leading up to the 2017 legislative elections, Argentina is facing economic uncertainty.
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