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Chilean Households Reduce Debt as Incomes Rise in Second Quarter
Chilean households continue to lower their debt levels as their incomes grow steadily. The National Accounts Report for the second quarter reveals this positive trend. By the end of June, household debt as a percentage of Gross Domestic Product (GDP) reached 48.4%. This figure marks a decrease of 0.2 percentage points compared to March 2024. […]
Argentina Braces for Another Peso Devaluation Amid Economic Strain
Argentina is grappling with a major economic challenge. Its inflation rate has soared to 211%. This is causing a growing gap between the official and parallel exchange rates. The country is now bracing for another potential devaluation of its currency, the peso. This comes shortly after its value in dollars was cut in half. Since […]