In the third quarter of 2024, Mexico’s capital goods imports took a significant hit. The country imported $15.051 billion worth of capital goods, marking a 6.3% decrease from the previous quarter. This decline is the steepest since the second quarter of 2020 when the COVID-19 pandemic disrupted global trade. The drop in capital goods imports […]
Related Posts
Uruguay’s Economic Resilience: A Tale of Growth Amid Challenges
Uruguay, a small yet vibrant nation, has consistently shown remarkable economic resilience. As April concluded, economic activity saw a 0.3 percent increase, marking seven months of continuous growth. This trend is a welcome sign, indicating sustained progress despite past challenges. The upward trend started last fall, amidst various global and regional difficulties. The year 2023 […]
Asian Currencies Tumble as Yuan Hits Six-Month Low Amid Divergent Monetary Policies
Asian currencies weakened on Wednesday, with the Chinese yuan reaching its lowest level in six months against the dollar. The onshore yuan fell to 7.2488 per dollar, surpassing its previous low in April. Meanwhile, the offshore yuan dropped to 7.2667 per dollar, marking a new low. The People’s Bank of China (PBOC) set its reference […]