Brazil has made a significant change to its laws that could transform its economy and how the government manages finances. Recently, the Brazilian Congress approved a bill that lets all levels of government—federal, state, and local—turn their owed debts into securities. This process involves debts owed to the government, both tax-related and others. By converting […]
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Chile’s financial market participants estimate that the nation’s inflation will reduce to 3.2% within a year, a significant decrease from the present 7.6%, as per the Central Bank of Chile. This forecast was part of a Financial Operators’ Survey conducted recently by the Bank, indicating a further decline in inflation to 3% over the subsequent […]
Argentina’s Trade Deficit Hits $6.92 Billion in 2023
In 2023, Argentina faced a $6.926 billion trade deficit. A severe drought earlier in the year led to a 24.5% drop in exports. The National Institute of Statistics and Censuses (Indec) reported this decline. As a result, the country’s overall exports stood at $66.788 billion. Imports in Argentina reached $73.714 billion, down by 9.6%. The […]
Revival of Latin America’s Office Market in 2023
Latin America’s office real estate market saw a notable revival in 2023, rebounding from the pandemic’s impact, as reported by JLL. It signals a new era of growth in the region’s real estate sector. The JLL report, published by Bloomberg in Linea, projected a 4.4% increase in office space by the end of 2024 compared […]