In 2023, Brazil rose to become the ninth largest economy globally, moving up three places, as reported by the Austin Rating. The nation’s GDP grew by 2.9%, hitting R$10.9 trillion ($2.18 trillion USD, using an exchange rate of 5), slightly slower than 2022’s 3% growth. The IBGE revealed this data on March 1, 2024, showing […]
Related Posts
Blue Dollar in Argentina Reaches September Peak
Argentina’s blue dollar reached its September peak, closing at 738 pesos, an increase of 8 pesos or 1%. Over the last two trading days, it gained 16 pesos, marking a 2.21% increase. In contrast, the official wholesale dollar rate has a 111% lower value. Similarly, the retail dollar open to the public lags by 101%. […]
Aerolíneas Cuts NY Flights, Boosts Madrid & Miami
Starting from August 10th, Aerolíneas Argentinas has announced plans to discontinue its direct flight services between Buenos Aires and New York. This change allows the airline to double its Miami and Madrid flights and boost Caribbean service. It’s a strategic decision to focus on more profitable destinations amid the unpredictable aviation market. The route to […]