Dry conditions in Brazil’s Northern Amazon region could shake the national economy and risk higher inflation. El Niño, a climate phenomenon, might worsen agriculture and livestock by late 2023 and 2024. Farmers are worried about the 2024 harvest. Augusto Rocha from CIEAM warns of increased crop failures, especially in seasonal crops like corn and rice. […]
Related Posts
Mexico’s Inflation Exceeds Forecasts in 2023
In the closing months of 2023, Mexico experienced an unexpected rise in inflation, surpassing predictions by market experts and the Bank of Mexico (Banxico). The National Consumer Price Index (INPC) increased by 0.71% in December, resulting in a 4.66% annual inflation rate, as reported by the stats agency Inegi. Although this rate marked a deceleration […]
Switzerland Steps In as Guarantor for Colombian Peace Talks
Switzerland has been requested by both the Colombian government and the EMC rebel group to act as a guarantor in upcoming peace talks. This move honors Switzerland’s long-standing peace efforts globally. Formal talks are set to start on October 8. EMC is a faction that emerged from a 2016 peace deal. Not all FARC rebels […]
Rio’s Rising Economy: Surpassing Expectations in Early 2024
In early 2024, Rio de Janeiro’s economy jumped by 1.8%, as reported by the City’s Department of Urban and Economic Development on April 4. Notably, the economy had grown by 2.4% during the same period over the previous two years. What’s driving this surge? Primarily, the services sector. This area is pivotal, echoing national trends […]