The plan of Javier Milei is for teams in difficulty to attract foreign investments. On a pleasant afternoon in late February, the two largest soccer teams in ArgentinaRiver Plate and Boca Juniors, faced each other in the superclásico, the name given to all matches between these two teams. This edition of the Buenos Aires derby, […]
Tag: The Economist
Peruvian GDP would grow only 0.1% in 2023, according to The Economist
The Gross Domestic Product (GDP) of Peru will grow only 0.1% during 2023, after an advance of 1.5% in the last quarter, while the inflation annualized would reach 6.5%, according to The Economist. According to the British media, the Mexico region would lead growth with an advance of 3.1%, followed by Brazil (3.1%) and Colombia […]
The Economist: Is this the end of free markets?
Sometimes in wars and revolutions, fundamental changes come with a bang. But more often, they take root by stealth. That is the case of what we call “internal economy” (homeland economics), a protectionist ideology, with great intervention and generous subsidies administered by an ambitious State. Fragile supply chains, growing national security threats, the energy transition […]
The Economist: If Venezuela’s elections were fair, she would be the favorite
She promises atotal transformation” from Venezuela. The gigantic and decrepit state oil company, PDVSA, will be privatized, like all public service companies. “We will have open markets. We will have the rule of law… This country will become the energy center of the Americas”, he promises. Those are the ambitions of María Corina Machado, a […]
Latin American economy will experience a “cyclical rebound,” according to The Economist
despite the “headwinds”” that suffers Latin America In the wake of inflation, high interest rates and global economic weakness, the region is heading towards a “cyclical upturn” at the end of the year that will last through 2024, according to the Intelligence Unit of the British group The Economist. Analysts anticipate that in the coming […]
Bolivia is on the brink of a financial crisis, warns The Economist
According to the specialized economics magazine The Economist, the drop in Net International Reserves (RIN) and The shortage of dollars are indicators that the Bolivian economic model, promoted by the Movement Towards Socialism (MAS) in the last 17 years, is generating uncertainty and placing this sector of said country on the brink of financial collapse. […]
The Economist: War and sanctions have caused commodity chaos
Global commodity crises tend to cause severe economic damage and political upheaval. The oil shocks of the 1970s left Western economies with runaway inflation and deep recessions. Oil revenues also helped prop up the Soviet Union and fueled the export of Saudi extremism. The skyrocketing of grain prices in 2010 and 2011 was the trigger […]
The Economist: Vladimir Putin is an imperialist, but China doesn’t care
For the ardent revolutionaries running China in 1968, the Soviet invasion of Czechoslovakia was a monstrous crime, but not a surprise. Watching from Beijing, Chairman Mao Zedong and his aides saw the vindication of a long-standing suspicion: that the once-proud Soviet Union was now ruled by “socialist imperialists”, along with the capitalists in charge of […]
The Economist: After expanding in 2021, fast fashion could shrink again
American consumers are satisfied. On February 15, the Commerce Department reported that the country’s shoppers spent 3.8% more in January than in December, undeterred by rising inflation and COVID-related uncertainty. That was the fastest monthly increase in nearly a year. Part of this waste is being spent on new clothes. In other latitudes, too, clothing […]
The Economist: What is the next destination for commercial aviation?
Work and shopping, for better or worse, have been permanently altered by the pandemic. The airline industry is hoping its own disruption due to COVID-19 will prove temporary. Fortunately for those without vacations, visits to family and friends, or even a business trip, flying in 2022 will look a little more like the pre-pandemic era […]