Chile’s Gross Domestic Product (GDP) experienced a year-on-year decline of 1.1% in the second quarter of 2023, primarily due to dips in sectors like trade, transportation, mining, and manufacturing, as stated by the Central Bank on Friday. Domestic demand, in turn, decreased by 5.6% during the aforementioned period, driven by reduced household investment and consumption, […]
Related Posts
Brazil’s federal government reports third-largest June deficit in history
In June, the federal government recorded its third-largest public deficit since the historical series began in 1997, posting a negative balance of R$45.22 (US$9.5) billion, according to data released by the National Treasury on July 27th, 2023. The deficit from January to June amounted to R$41.26 billion, inflation-adjusted. Over the last 12 months, the shortfall […]
Milei Government Engages IMF for Crucial Economic Reforms
As IMF officials visit Buenos Aires, Argentina, led by libertarian President Javier Milei, is nearing a pivotal deal for new funding. This deal is crucial for addressing Argentina’s high inflation and deep fiscal deficit. Milei’s approach includes significant spending cuts, but his administration recently encountered a legal hurdle regarding labor rights reforms. The IMF’s visit, […]
