Inevitably, Peru is approaching its weakest GDP variation in the last twenty years—not counting the pandemic—considering that yesterday the World Bank lowered its growth expectation for 2023: 0.8% (in 2001 , the rate was 0.6%). The reason behind the economic slowdown is the political instability seen in the last year, according to William Maloney, chief […]
Tag: Economic crisis
Cyclone interrupts dream of a better life for Venezuelans in Brazil
Ani Aponte fled with her family from her hometown Venezuela to seek a better life Brazil. Four years later, his dreams of employment and a calm day to day look uncertain after a cyclone devastated their Workplace. Ani, 34, ironed leather in a tannery that also employed her husband, Yeiferson, in Muçum, the town hardest […]
Economic problems in Argentina awaken “supermarket tourism”
Uruguayans are crossing the border into Argentina to buy food and cheap fuel, as distortions between the two economies encourage residents of Uruguay to take advantage of the most favorable prices in the neighboring country. The manager of a Uruguayan supermarket said sales were falling rapidly as her Uruguayan customers increasingly make day trips to […]
“There is no control”, say Argentines who fight against inflation above 100%
before a inflation that this year could exceed 140%, the Argentines they look for the best price when buying essential goods to protect their income and make ends meet. “I feel that there is no control, that no one controls the prices and that everyone puts the price they want and perhaps managing the same […]
The crisis does not give Cuba a truce two years after unprecedented protests
Two years after the anti-government demonstrations in Cubafor which nearly 500 people have been sentenced, the communist island continues to be plunged into a deep economic crisis and social that fuels discontent, but also repression against dissident voices. The streets of Havana remained calm this Tuesday, with its inhabitants dedicated to their usual daily activities, […]
Argentina inaugurates key gas pipeline to face economic crisis
The government of Argentina opens on Sunday the first section of the Nestor Kirchner pipeline (GNK), to transport the fluid from the reservoir of gas and oil unconventional of Dead cow (south) to the province of Buenos Aires (center), through 573 km. The opening will take place at 3:00 p.m. (6:00 p.m. GMT) in a […]
Crisis pushes Sri Lankans to emigrate
The long lines to buy meal and fuel during the acute economic crisis last year in Sri Lanka they gave way to queues to process a passport and flee this bankrupt country. “What we consider to be normal is a mirage”said Gayan Jayewardena, a 43-year-old customer service executive, in line to get a passport for […]
“Here there is!”, the nascent private sector gains space from the state sector in Cuba
An explosion of small shops stretches across Havana, the most visible expression of the space gained by private companies in Cuba. The so-called SMEs, authorized only in 2021, displace state businesses, which are increasingly empty. “Here there is!”, is the name of a small store recently opened in the west of the Cuban capital, where […]
Law on the debt ceiling in the US will avoid an economic crisis
The President of the United States, Joe Biden, announced last night that today he will sign the bill that authorizes raising the debt limit, which eliminates the threat of lack of liquidity in one of the most solid economies in the world. “Nothing would have been more irresponsible or more catastrophic than a bankruptcy of […]
Renting in Buenos Aires, drama for thousands and advantage for a few
Rent housing in pesos and in the long term it is a daunting task in Buenos Aireswhere the temporary offer dominates and in Dollars due to a inflation triple-digit annual growth that blew up the market for real estate. Martina Campos López (33 years old) and her partner (43) have been searching for more than […]