Updated on 03/15/2022 06:23 pm The global economy is suffering from the shock wave of the Russian invasion of Ukraine, which is driving up food and energy prices in Latin America and the Caribbean, which increases inflation, warns the International Monetary Fund (IMF) in a blog. “Food and energy prices are the main route of […]
Tag: Latin America
Maduro tests capitalism and migrants begin to return
For years, one tragedy after another forced them out of Venezuela: hyperinflation, famine, outbreaks of malaria, and a blackout that left the entire country in darkness for a week. In all, six million people fled in what has become the largest humanitarian crisis in the Western Hemisphere; now, a reversal is starting to take shape. […]
China could have “predatory influence” in Latin America, according to the US
China continues with itsrelentless march” to influence Latin America and the Caribbean and, without US leadership, could come to exert a “predatory influence” as in Africa, said the head of the United States Southern Command. China, “our long-term strategic competitor, continues its relentless march to expand economic, diplomatic, technological, information and military influence in Latin […]
War in Ukraine: Peru will benefit from high metal prices, according to Fitchs
Fitch Ratings pointed out, this last Monday, March 7, that the impact of the high prices of raw materials such as the highest of metals will benefit Chile (A-/Stable) and Peru (BBB/Stable) (although a major shock to global growth could cause prices to fall), but as importers of Petroleumthe benefit will be offset by higher […]
Disillusioned and “betrayed”, Brazil sees its children join an unprecedented exodus
Never before have so many Brazilians lived outside their country. Overwhelmed by insecurity and economic difficulties, each year tens of thousands of young people and retirees, rich and poor, pack their bags to rebuild their lives far from Latin America’s largest economy. Brazil, historically a land of welcome for Asians, Africans and Europeans, now sees […]
Inflationary shock due to war threatens Latin American economies
Updated on 02/26/2022 03:22 am The rise in commodity prices caused by the Russian invasion of Ukraine is a “double edged sword” for Latin American economies, as it boosts exports but also hurts consumers and calls for tighter monetary policy, according to Oxford Economics. “Rising commodity prices are usually good news for Latin AmericaJoan Domene, […]
Russia seeks allies in Latin America in full military offensive in Ukraine
With the exceptions of Cuba, Venezuela and Nicaragua, Latin America turned its back on Russia in the invasion of Ukraine, but Moscow can keep an ace up its sleeve and surprise with a provocation “symbolic” in the region to challenge the United States. Lately, even when the drums of war were already being heard in […]
China leads the United States in diplomatic duel of vaccines in Latin America
During the COVID-19 pandemic, the United States donated many more vaccines to Latin America than China, but it did so “with less fanfare” and, according to the Atlantic Council center, there is a perception that the Asian colossus was “more proactive ”. China, which has been using its buoyant economy for politics for a decade, […]
Hunger and obesity coexist in Latin America and the Caribbean, warns the FAO
The outbreak of COVID-19 and its consequences on family economies made it clear that in Latin America and the Caribbean hunger coexists with obesity and overweight, a problem that dates back years and was further complicated by the pandemic, warned the FAO. As a result of the pandemic, it was possible to show that, for […]
Chile, the country where the ultra-rich have the largest wealth in Latin America, and in Peru?
Wealth in Latin America seems to be concentrated in Chile, and that country has the highest level of wealth among the ultra-rich in relation to the size of its economy, equivalent to 16.1% of the country’s Gross Domestic Product (GDP), as calculated by the Commission. Economy for Latin America and the Caribbean (ECLAC). According to […]