For the first time after 2019’s long decline, the automotive industry shows signs of improvement.
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There are rising expectations in Venezuela for the upcoming corn harvest, which is predicted to produce a yield of 50 million tons of corn.
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Brazil has a lot of big goals for 2020, one of those being to beat past harvesting records.
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The Ministry of Economy and Finance (MEF) modified its approach to calculating the specific Selective Consumption Tax (ISC) established for cigarettes, fuel, beer, and other alcoholic beverages.
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So long as the institutional and political crisis in Venezuela is not resolved, the county will continue to be impacted by the economic policy of the Maduro administration, which is more concerned with maintaining power than resolving macroeconomic imbalances.
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For almost a decade Latin America experienced a significant economic boom, which saw the prices of commodities like oil and metals steadily increase due to a growing demand from emerging market economies, such as China and India.
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The psychological origins of inflation seem incredible to the untrained observer of the economy, but tens of thousands of academic studies and decades of economic policy in Argentina attest to its veracity.
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The National Assembly Committee of Finance documented an accumulated inflation rate of 7,374.4% in the price of products and services in 2019.
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More and more Brazilian restaurants and coffee shops are incorporating the use of environmentally-friendly straws or cups.
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According to the Índice de Competitividad de las Economías Regionales (Index of Competitiveness of Regional Economies) from the Confederación Intercooperativa Agropecuaria (Inter-Cooperative Agriculture and Livestock Confederation), which analyzes the economy’s competitiveness in seven different areas, Argentina saw a 1.7% decline in the final trimester of 2019.
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