In 2024, Latin America faces economic growth slowdown, with the World Bank predicting a GDP rise of only 1.6%, down from earlier 2.3% estimates. This forecast, reminiscent of the 2010s, highlights ongoing structural problems preventing prosperity. Key growth barriers include low investment, weak consumption, high interest rates, and falling commodity prices, worsened by global uncertainties. […]
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BRICS expansion on the horizon with Iran and the Arab world as top contenders
After a BRICS summit on Tuesday, August 22, discussions about the expansion of the BRICS group, which currently consists of Brazil, Russia, India, China, and South Africa, made notable progress. While a final decision wasn’t reached, it’s evident that the group’s membership might soon grow to include up to six new countries. Though Indonesia was […]
Chile announces US$5.882 billion in infrastructure investment for 2023
Chile plans to invest US$5.882 billion in its infrastructure in 2023, stated Jessica López, the Minister of Public Works. The allocation of funds is part of the ongoing public-private partnership program that has been central to infrastructure development for the past 30 years. López emphasized that a variety of projects in different regions are set […]
