Consumers are pessimistic about the future of the economy, as indicated by the Consumer Confidence Index (CCI).

–Researched and written by Jonathan Castellanos Following the announcement to change a near 50 year-old policy from its foreign affairs agenda, the U.S. finally officially authorized flights between the two countries on July 7, 2016. 

From May 2015 to May 2016 Brazil’s economy contracted 5.3%, and much of this can be attributed to the recession plaguing its main trading partner, Argentina.

According to the Economic Commission for Latin America and the Caribbean (ECLAC), the region’s economy will shrink by 0.8% in 2016.

Ecuador is in outright recession. It has been for the past two or three years and the trend will continue next year due to its state-centric model that is anchored in commodities like oil, according to Juan Fernando Carpio, professor at the University of Quito.

Only 2.4% of all Latin Americans who have applications on their cell phones use the channel to purchase a product or service. 

Brazil’s Finance Ministry affirmed in a statement made in late June that it expects Brazil to stay afloat in the face of economic of uncertainty following the United Kingdom’s decision to leave the European Union.

Peru just elected a new president, which has served as the catalyst to spark even larger and more widespread hope and optimism for the future of the country.

For months now, the southern fields of Córdoba, Argentina have suffered from the torment of endless rain, floods and the subsequent significant loss of crops.

Millennials believe they are more knowledgeable and more aware of effective personal finance practices.