In 2024, Brazil is strategically navigating through fiscal challenges, projecting a deficit of R$ 14.5 billion ($2.84 billion), a minor 0.1% of its GDP. The updated estimate, now standing at R$ 9.3 billion ($1.82 billion), highlights Brazil’s fluctuating economic conditions. Despite this, it remains within the set fiscal limits, permitting up to a 0.25% GDP […]
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Historic Approval for President Noboa in Ecuador
Daniel Noboa, only three months into his term, has secured the highest approval rating for a president in Ecuador since 1979. A Cedatos survey unveiled this milestone, placing Noboa’s approval at 81.4% prior to a VAT increase. This rating is unprecedented in over four decades, with 16.1% disapproving and 2.5% undecided. The survey also tracked […]
Morocco’s Economic Resilience: Moody’s Affirms Ba1 Rating with Stable Outlook
Moody’s has reaffirmed Morocco’s long-term issuer and senior unsecured debt ratings at Ba1. The American credit rating agency maintains a stable outlook for the North African nation. The Moroccan government is expected to keep its debt burden steady despite rising expenditures. These costs stem from social security reforms and infrastructure projects aimed at bolstering the […]
Dollar Rises Above 4.350 Colombian Pesos, Hits Year High
The US dollar in Colombia broke for the first time the psychological barrier of 4,350 pesos, a reflection of wider economic trends and geopolitical tensions. The market sold the American currency at 4,367.53 pesos, compared to the previous day. That chimes with the broad rise of the dollar. It is on track to have its […]