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Industry in Crisis: How Colombia’s Economic Backbone is Crumbling
For over a year, Colombia’s industrial heartbeat has faltered, signaling deep trouble with four consecutive quarters of decline. Key sectors like food and beverage, petrochemicals, and textiles drive 75% of this value but are now struggling. Additionally, high interest rates and political uncertainties intensify the struggle, ranking the sector among the hardest hit in the […]
Peru’s Recession Deepens Amid Political Chaos
Peru’s economy has been contracting for six months, marking its longest recession in over two decades. In October, economic activity fell by 0.82% year-on-year, slightly less than the expected 0.9% contraction. This downturn is part of a wider trend of economic decline. Political instability and social unrest have weakened business confidence, impacting growth. Poverty in […]
Oil Prices Rise with US Inventory Drop and China’s Stimulus
Oil futures rose on Wednesday due to a significant drop in U.S. oil stocks and China’s Central Bank introducing economic support measures. These factors helped boost hopes for greater demand for oil. Reports from the Energy Department in the United States showed a large drop in oil stocks. Over 9 million barrels decreased last week. […]