Chile’s economy has contracted for two straight months due to declines in mining and commerce, dampening early-year growth. April’s Monthly Economic Activity Indicator (Imacec), a proxy for GDP, fell by 0.3%. This drop was less severe than the forecasted 0.6%, signaling a slowdown. Interestingly, compared to last April, activity has risen by 3.5%. Yet, challenges […]
Related Posts
Orange Prices in Brazil Reach Historical High
In São Paulo, orange prices reached a historic high this March. Cepea reports the Pera variety selling for up to R$100 ($20) per 40.8 kg box in some areas. This price peak is unprecedented since Cepea began tracking orange prices in October 1994, even when adjusting for inflation. Cepea notes that this record surpasses previous […]
Moody’s Raises Ratings of 23 Financial Institutions in Brazil
Following the upgrade of Brazil’s sovereign rating from ‘Ba2’ to ‘Ba1’ with a positive outlook, the credit rating agency Moody’s has raised the ratings of 23 local financial institutions. Below is the list of rating actions: Banco do Brasil: from Ba2 to Ba1, with positive outlook Itaú Unibanco: from Ba2 to Ba1, with positive outlook […]
Florianópolis to Medellín: Ranking Latin America’s Rising Tech Cities
Latin America’s startup landscape is undergoing a remarkable transformation. Secondary cities are now challenging traditional tech centers, reshaping the region’s innovation map. This shift promises exciting opportunities for entrepreneurs and investors alike. A recent study by the Association for Private Capital Investment in Latin America (Lavca) analyzed new startups founded from 2022 through mid-2024. It […]