Digital transport platforms (PDT) experienced an accelerated boom during the pandemic of the COVID-19 in major economies Latin America and today they maintain a sustained growth, although with problems of precariousness, exploitation and insufficient labor laws. In countries like ChiliFor example, they have become one of the best floats for thousands of irregular migrants trapped […]
Tag: Latin America
Daniel Barco: “We project a rate of 2.6%, but we will probably have to review it”
The World Bank’s senior economist in Peru assures that “political volatility materializes downside risks in the Peruvian economy.” From the World Bank they describe the virtues and complications of our market in the midst of a sociopolitical crisis, in a year where the economy weighed down by external and internal attacks, it would grow less […]
IDB: Latin American debt soars to US$ 5.8 trillion, 117% of GDP, in 15 years
The total debt of Latin America and the Caribbean increased to US$ 5.8 trillion, equivalent to 117% of the regional GDP, from less than 3 trillion in 2008, revealed this Thursday the Inter-American Development Bank (IDB), which considers the trend worrisome. In the study “Dealing with debt, less risk for more growth in Latin America […]
FAO: Latin America can lead world food and agriculture
Latin America and the Caribbean “they can and must take a step forward” to face the growing rates of hunger and inequality in the region, which would place them “at the forefront of world food and agriculture,” said the FAO on the occasion of the VII Summit of the Community of Latin American and Caribbean […]
Latin America: Extreme poverty reached its highest level in 25 years
Impact. Inflation and the global slowdown in 2022 hit neighboring economies hard, including Peru. Likewise, ECLAC warns that these figures will not drop in 2023. The countries of the Latin American continent begin 2023 with complicated and uncertain forecasts, after leaving a year marked by a strong inflation and a global crisis caused by the […]
ILO expects employment in Latin America to grow by just 0.9% in 2023
ANDl employment in Latin America will grow by barely 0.9% in 2023 —2.9 million new jobs— and 1.4% in 2024 —4.6 million—, indicated the global labor market outlook report of the International Labor Organization (ILO). This will mean a sharp slowdown after regional employment growth of 6.4% in 2021 and 4.9% in 2022, underlines the […]
Traders fear losing momentum to Latin American currencies
The hope that China more than offset the slowdown in growth elsewhere in the world is giving a boost to commodities. That, coupled with high interest rates across the region after months of intense inflation fighting, has traders fearing missing out on a rally. The Chilean peso, the Mexican peso and the Brazilian real led […]
ILO expects employment in Latin America to grow by barely 0.9%
Employment in Latin America will grow just 0.9% in 2023 (2.9 million new jobs) and 1.4% in 2024 (4.6 million), indicated today the global labor market outlook report of the International Labor Organization ( ILO). This will mean a sharp slowdown after regional employment growth of 6.4% in 2021 and 4.9% in 2022, underlines the […]
Summit of EU-Latin America leaders will be held in July
The summit of leaders of the European Union (EU) and of Latin America and the Caribbean scheduled in Brussels during the Spanish European presidency will be held next July, as announced on Monday by the Spanish Foreign Minister, José Manuel Albares. Albares advanced the date of the celebration of that meeting in his speech before […]
Cryptocurrencies advance moderately in the Peruvian market
Cryptocurrencies are gaining more and more relevance in Latin American countries such as Argentina, Brazil, Venezuela, among others; although in Peru, only 1.2 million citizens have any of these virtual currenciesaccording to the company chainalysis. Likewise, the traded volume increased from 7% in 2021 to 17% in 2022clarifies the exchange firm Buda. “Peru is in […]