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Latin American Economy & Business - May 2019

Leader
Trade tensions between the US and China have taken a turn for the worse...
Regional Economy Review
On 10 May, Venezuela’s Central Bank outlined changes to the country’s exchange rate system that were essentially presented as an effort to ease stringent capital controls that have been in place for several years...
With global coffee prices having fallen sharply in recent months and futures prices suggesting further declines, Colombian coffee farmers are not even covering production costs...
The Organisation for Economic Co-operation and Development (OECD) has highlighted Mexico’s weak prospects for 2019, projecting a deceleration of real GDP growth from 2% last year to 1.6% this year...
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Mexico’s last president opened up the oil and gas industry to foreign investment in a bid to boost production, with mixed results...
Regional Business Review
After years of red tape, infighting, and disagreements, it appears that one of the region’s most hotly-anticipated infrastructure projects could finally be going ahead, bolstering regional integration and offering the tantalising possibility of streamlined exports from Chile’s Pacific coastline...
In late April think-tank Insight Crime published new research on aspects of the scourge of extortion in Central America, focusing on public transport and large businesses in Guatemala and Honduras respectively...
The largest-ever foreign investment project in Uruguay, worth up to US$4bn, has been given an almost-definitive green light...

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