Actual retail sales in November 2015 decreased 0.3%, although employment in retail trade increased 2.8% over the same month in 2014. 

The Economy Minister recognizes that Peru faces an ambiguous and changing outlook, but insists that it’s ready for it. 

Declining world oil prices and its derivatives mostly favor non-oil producing economies; however, the same is not true with the fall in commodities such as coffee and bananas which continue to decline in international markets.

The worst recessions in the world this year will take place in Latin America, with little room for policymakers to try and avoid them as global commodity prices flounder.

Achieving peace, eradicating poverty and improving education are some of the items that Colombia needs to address in order to attain the Objectives of Sustainable Development (ODS). There are 3.5 million people who still suffer from extreme poverty in the country.

Peru’s Instituto Nacional de Inovación Agraria (INIA) identified 130 native varieties of potatoes in Chugay; Panamanians are experimenting with grape production.

The Spanish construction firm Abengoa, which is going through a delicate financial situation, may sell a wind farm in operation in Uruguay as part of its overall divestment.

A powerful economic group sees ‘enthusiasm’ in Nicaragua’s economy.  Data from the Central Bank of Nicaragua indicated that over the past three years Nicaragua’s economy grew at a higher rate than the average for Central America.

The government of Puerto Rico is so short of funds that it could run out of fuel and electricity, officials said.

After the prolonged increase in cocoa futures in London since at least 1989, cocoa farmers from the Ivory Coast to Peru prepare for a surplus in the 2016-2017 season, the largest in six years.