As we look towards 2023 and 2024, Sub-Saharan Africa stands at a crossroads of economic potential and challenges. The region, according to the International Monetary Fund (IMF), is set to see a slight dip in growth to 3.6% in 2023, down from 3.8% in 2022. Factors such as reduced external demand and policy measures to […]
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Peru’s Leadership Shift Amid Challenges
Peru’s President Dina Boluarte revamped her cabinet, signaling a major change during a period marked by demands for early elections. Amid economic downturns and political tensions, she appointed new ministers for key positions, focusing on the Economy and Energy sectors. Economist Jose Arista now leads the Economy Ministry, bringing his vast experience to tackle the […]
Demand Drop and Port Woes Affect 2023/24 Wheat Trade
On Monday, falling demand and inexpensive Russian wheat drove down wheat prices on the Chicago Board of Trade. This change also affects U.S. exports negatively. On the flip side, Canada’s low production forecast boosts prices. The European Union also cuts its export plans, citing competition with Russia. Besides these global elements, Brazil’s 2023/24 wheat season […]
Market Turbulence: Ibovespa Falls and Dollar Rises
Amidst a day of mixed fortunes on the Brazilian stock market, the Ibovespa, Brazil’s primary stock index, closed down, falling below the significant 125,000-point threshold. Ending the trading day at 124,740 points, the index recorded a decline of 0.33%. This downward movement contrasted with the commercial dollar, which appreciated by 0.34% to R$5.14, breaking its […]