Argentina’s private sector witnessed the sharpest wage decline in nearly 30 years due to the peso’s significant devaluation under President Javier Milei, reports indicate. This significant financial shift highlights the immediate impact of Milei’s economic strategies, as detailed by government findings. In December, inflation-adjusted salaries dropped by 11%, the steepest monthly decline in 29 years […]
Related Posts
Green Growth: Brazil’s Cerrado’s $72 Billion Opportunity
Brazil’s Cerrado stands to gain $72 billion a year by marrying environmental conservation with sustainable food production, job creation, tourism, and green industries. A World Economic Forum report highlights the Cerrado’s crucial role, contributing 60% to Brazil’s and 22% to global soy exports. Historically overshadowed by the Amazon, the Cerrado saw a 43% deforestation spike […]
New York Markets Close Mixed with Eyes on US Inflation
On Monday, investors eyed global markets as Brazil’s exchange paused for Carnival. The spotlight was on US inflation updates, with key data expected on Tuesday. In addition, the Department of Labor will unveil January’s CPI and December’s core inflation figures. Federal Reserve members’ insights this week are also highly anticipated for interest rate clues. Amid […]
Decoding Brazil’s Selic Shift: A Peek into 2024’s Financial Crystal Ball
Brazil’s Central Bank has just thrown a curveball by nudging its benchmark interest rate, the Selic, to an anticipated 10.25% for 2024. Initially, it seems a modest hike from 10%, yet it’s actually a signal of a 0.25 percentage point drop from today’s numbers. Such tweaks might seem minute, but they ripple across the economy, […]