As the week wrapped up, the Ibovespa, Brazil’s benchmark stock index, showed resilience, gaining 0.74% to close at 121,341.13 points. This marked its first positive week in June and the first since mid-May, signaling a potential shift in investor sentiment. Over the week, the index rose by 1.40%, completing four consecutive sessions of gains—a sequence […]
Related Posts
Panama Eyes 6% Growth in 2023
The government of Panama raised its 2023 growth forecast from 5% to 6%. This information comes from a recent Ministry of Economy and Finance statement. In contrast, ECLAC predicts a 5.1% growth for Panama. ECLAC also updated its regional forecast from 1.2% to 1.7%. Finance Minister Héctor Alexander cited various sectors. These include trade and […]
Brazil Boosts Rio Security After Crime Spree
Flavio Dino, Brazil’s Justice Minister, announced that more National Force officers are heading to Rio de Janeiro. This decision follows a series of crimes related to Matheus Rezende’s death, known as Faustão. Faustão was related to a prominent local militia leader. Dino took to social media to reveal this information. He emphasized that federal teams […]
Panama’s Bold Economic Forecast: 7% Growth in 2023
President Laurentino Cortizo of Panama forecasts a 7% increase in the country’s GDP for 2023, alongside a 1.6% inflation rate. In his final address at the National Assembly, he emphasized Panama’s promising growth within Latin America—his term ends following the upcoming May elections. Cortizo attributed this economic performance to strategies recognized by global entities. Despite […]