Inflation wreaks havoc on the cost of living and virulently distorts the assessment of taxes.
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The poverty rate has increased more in the first quarter of 2016 than at any time since the 2001-2002 crisis.
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In Mexico education was determined to be a more important factor than health and satisfaction in attaining a better life, according to the index for Better Life Organization for Economic Cooperation and Development (OECD).
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A recent survey highlighted the growing demand for broadband services in flights in Latin America.
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Colombia went from 2 million internet connections in 2010 to over twelve million by the end of 2015. One study showed that the Internet improves the quality of life, reduces inequality, empowers citizens against their governments, saves time and offers business benefits.
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Pricey burgers and shopping malls are no longer within reach for most Venezuelans, but nearly 200 people at a time line up patiently to enter a pharmacy.
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A career in architecture and urban planning is now the highest paid, displacing engineering in metallurgy, mining or oil. According to the site “Ponte en Carrera,” marketing also surpassed electrical engineering as the fourth highest average income of the technical careers.
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Interim President Michel Temer on Tuesday announced a series of austerity measures to ease the worst economic crisis that Brazil has seen in decades. He warned that if urgent measures are not taken, future generations would be subjected to “extraordinary hardship.”
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With a low rate of growth and a high rate of violence, El Salvador’s economy continues to be greatly strained.
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Following the Uruguayan government’s announced increase of personal income tax for those earning over 33,400 pesos (or $1067) per year, several economists analyzed the potential impact of the measure.
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