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Currencies, bonds , equities in major Latin American economies have been hit hard by the emerging-markets sell-off that began in mid-May as investors began to factor in a winding down of the US Federal Reserve's quantitative easing (QE) programme later in the year. Notwithstanding some signs of a respite in the last couple of days, investors still appear to have the bit between their teeth, ...
Kualalumpur: Here is the text of news released by official news agency Bernama on its website: Employment in Latin America , the Caribbean grew 1 % last year compared to figures prior to the economic , financial crisis of 2008, as reported by the International Labor Organization (IL...
We estimate that growth in Latin America in 2012 slowed to 3 % from 4.3 % in 2011. Activity in the area was adversely affected by the debt crisis , recession in the euro zone, slower growth in China , the sluggish performance of the US economy. Brazil -at US$2.3trn around 40 % of regional GDP valued at Industry exchange rates-was among those economies most severely affected: 2012 GDP gr...
Foreign direct investment (FDI) flowing into Latin America , the Caribbean reached a new record high of US$173bn in 2012, up 6.7 % compared to the previous year , confirming a consistent uptrend that began in 2010, as reported by a new report by the UN's Economic Commission for Latin America , the Caribbean (Eclac). Economic growth in the area (of 3 % last year) , the high pric...
Kualalumpur: Here is the text of news released by official news agency Bernama on its website: The International Monetary Fund (IMF) has called on Latin America , the Caribbean to take advantage of still favourable external conditions to lay the grounds for sustained growth by strengthening its policy buffers. Economic growth in Latin America , the Caribbean (LAC) is expected...
Total remittances to Latin America were stagnant in 2012, as reported by a report recently published by the Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank Group . Although the report highlights marked differences across subregions , between individual regions, it also suggests that ongoing economic woes in the regions of origin (notably Spain , ...
US tire giant Goodyear's (NYSE: GT) Q1 2013 sales in Latin America fell 2 % year-on-year to US$513mn . Sales were negatively impacted by unfavorable foreign currency translation , the sale of the bias truck business. These reductions were partially offset by improved volumes , price/mix, the Industry player said in its Q1 profits conference call. Operating income incre...
Last week's slump in commodity markets has raised questions over how exposed Latin America is to a period of lower prices. While the risks vary from region to region, the bigger picture is that the consumption boom that has propelled the area's rapid recovery from the 2008-09 global crisis has left it much more vulnerable to a period of weaker commodity prices , this is a key downside ...
The International Monetary Fund predicted that the economy of Latin America , the Caribbean will grow during 2013 at a rate of 3.4 %, almost identical to the overall economic growth. The area will improve its growth rate, from 3 % in 2012 to 3.9 % in 2014 -- as a result of a recovery in external demand, favorable financing conditions , the impact of policies previously adopted in som...
We estimate that growth in Latin America in 2012 slowed to 3 % from 4.3 % in 2011. Activity in the area was adversely affected by the debt crisis , recession in the euro zone, slower growth in China , the sluggish performance of the US economy. Brazil -at US$2.3trn around 40 % of regional GDP valued at Industry exchange rates-was among those economies most severely affected: 2012 GDP gr...
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