The Economic Commission for Latin America and the Caribbean (ECLAC) revised its 2024 growth forecast for the region to 2.1%, up from 1.9%. This update aligns with global forecasts but continues to portray modest regional growth. ECLAC’s report details challenges both global and local that hamper economic progress. Internationally, slower growth and high interest rates […]
Related Posts
U.S. Court Decision in Citgo-Venezuela Case
Yesterday, a U.S. court made a crucial decision in the Citgo Petroleum case. It accepted claims worth $20.8 billion against Venezuela. These claims, reduced from an initial $24 billion, relate to losses from nationalization and debt defaults. Major companies like ConocoPhillips and ExxonMobil are among the claimants. They have sought compensation following the Venezuelan government’s […]
Argentina Debuts LatAm’s First Level-4 Biosecurity Lab
Argentina opened its first Level-4 biosecurity lab, the only one of its kind in Latin America, designed to handle extremely dangerous pathogens. At the opening ceremony, Health Minister Carla Vizzotti said only 50 such labs exist globally. Located in Buenos Aires, the lab sits in the Carlos Malbrán Institute. It cost around $1.26 million or […]
Should Argentina Peg to Brazil’s Real, Not Dollar?
Economist Robin Brooks is optimistic about Brazil’s economy and suggests Argentina would benefit more by tying its currency to Brazil’s Real. He once worked for the International Monetary Fund (IMF). Now he is the Chief Economist at The Institute of International Finance (IIF). He shares his views on Twitter to 266,000 followers. Recently, he started […]