Everything seems to indicate that inflation will rise sharply in Japan, driven by the explosion in energy prices. But for companies in the country, marked by a deflationary mentality, raising prices is not an easy task. The cost of numerous items of daily life has increased in recent months, a fact echoed by the local […]
Tag: economy
Germán Alarco: “Tackling great inequalities is a vetoed issue in Peru”
The first year of the pandemic shook the Peruvian economy in all its dimensions, considering that poverty reached 30% of the population, more than 2.2 million lost their jobs, and inequalities regarding access to welfare increased. German Alarco unravel what happened and trace a route to overcome the blow. What are the central axes of […]
Latin Americans decided to undertake in the pandemic in the face of economic crisis
More than half of the 1,500 Latin Americans who participated in a survey began to work independently during the COVID-19 pandemic to contribute financially to their families, those responsible for the survey reported Monday. the survey “empowered women”published by the American cosmetics and perfume company Avon and the Avon Foundation for Women, brought together “1,500 […]
The Russian ruble and the Ukrainian hryvnia, two currencies weakened by the conflict
The repercussions of the conflict between Russia and Ukraine have been felt in the economies of both countries, and their currencies have been left at the mercy of possible new sanctions against Moscow and peace negotiations. russian currencywhich was trading around 90 rubles to a euro (80 rubles to a dollar) before February 24, when […]
New minimum wage in Venezuela, insufficient to get out of poverty
The increase in the minimum wage in Venezuela by 1,705%, announced by the illegitimate president Nicolás Maduro last week and which will go from US$1.6 a month to just under US$29, is insufficient for those who receive it —fundamentally employees public and pensioners- get out of extreme poverty, according to various experts and those affected. […]
Lima Stock Exchange would grow up to 25% in 2022 due to recovery of the economy
The Lima Stock Exchange (BVL) could grow 25% in 2022, 10 percentage points more than projected in December 2021 (10% to 15%), according to estimates by Credicorp Capital So far this year, the General Index of the capital park has gained 17.36%, supported by “the price of Peruvian shares and the good financial results of […]
The Fed will seek a “soft landing” for the US economy.
The Federal Reserve (Fed) will meet tomorrow (Wednesday) with one of the most difficult tasks that a central bank can face: raising interest rates enough to cool inflation, but not so much that the economy falls into recession. . At a time when the war is spreading in Europe and inflation in United States reaches […]
Chilean government will present tax reform in the first semester, says minister Marcel
The government of new Chilean President Gabriel Boric will send its bill for a broad tax reform focused on people, natural resources and green taxes during the first half of the year, new finance minister Mario Marcel said in his first interview in office. The respected former president of central bank will have among its […]
Cuba’s dollar stores stoke anger, division amid economic crisis
Michel López, a 41-year-old Cuban businessman, spent the night on a sidewalk in Old Havana lining up to buy an inexpensive package of chicken that could feed his family for several days. His life would be easier if he earned in dollars. Cubans with access to hard currency, through tourism or remittances, can buy everything […]
Russian economy is a strength, but feel the hardships
Updated on 03/11/2022 03:40 am The sanctions hit the Russian economy hard. The ruble plummets, foreign companies flee and high prices are expected. The usual products could disappear from stores and middle-class achievements such as vacations abroad are in doubt. Beyond the short-term hardship, the economic stagnation that began long before the invasion of Ukraine. […]