In March 2024, Argentina’s industrial sector faced a sharp decline, plummeting 21.2% from the same month the previous year. This significant drop, reported by the National Institute of Statistics and Censuses (INDEC), marks one of the steepest declines since the COVID-19 pandemic impacted the industry in May 2020. The downturn was not isolated but part […]
Related Posts
Forecasted Moderate Inflation and Economic Trends in Brazil for 2024
In 2024, Brazil’s IPCA inflation is forecasted to stay between 3.5% and 4.2%, potentially below the target ceiling for the second year. This range is within the set target of 3% with a 1.5% tolerance. Inflation could reach up to 4.5%, but it’s expected to be lower than the 2023 limit of 4.75%. The financial […]
Dollar Stability Tests Market Nerves Before Fed Update
On Monday, the U.S. dollar hovered near stability, edging up merely 0.05% to close at 5.105 Brazilian reais. Despite starting strong, peaking at 5.129 reais, the currency wavered under the weight of expectations for the Federal Reserve’s minutes due Wednesday. Amidst these fluctuations, Raphael Bostic, Atlanta’s Fed President, shed light on the ongoing struggle with […]
Brazil’s October Tax Revenue Hits Record High
In October, Brazil’s federal tax revenue soared to a record R$ 205.48 billion ($42 billion), the highest figure for the month since 1995. It shows a small real increase of 0.10% compared to October 2022. The Federal Revenue Service announced this on November 27, 2023. Financial analysts had predicted higher revenues, between R$ 206.5 billion […]