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Latin American Economy & Business - June 2019

Leader
Various global shocks threaten to lower economic growth in Latin America and the Caribbean (LAC), but more, and better, investment in infrastructure could reduce their impact, according to a new report from the Inter-American Development Bank (IDB)...
Andean Countries
Construction on the Ituango dam on the Cauca river in Antioquia department began in 2011, almost 30 years after the initial feasibility study was completed in 1983...
Earlier this month Venezuela’s national assembly’s finance commission reported that inflation in May was an estimated 31.3% month on month and 815.2% year on year...
Mexico
After six months in office, President Andrés Manuel López Obrador has successfully channelled many Mexicans’ hopes for more jobs and economic improvement; he remains remarkably popular...
In June, Mexico’s short-term economic outlook was like a yo-yo...
The Consejo Coordinador Empresarial (CCE), one of Mexico’s main private-sector lobby groups, has signalled a more collaborative approach to the López Obrador government with a promise to boost investment levels...
There is a time lag on any investment decision...
Highlights
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Brazil & Southern Cone
In May, Auth0, a provider of identity authentication software, became the latest unicorn in Latin America, surpassing the US$1bn valuation...
Spanish conglomerate Globalia, best known for its Air Europa airline, is already on the tarmac waiting to start operating in Brazil...
Central America & Caribbean
At the start of the month Nayib Bukele took office as El Salvador’s new President...
The role of the International Monetary Fund (IMF) has been a key focus of the latest violent protests against the Honduran government led by President Juan Orlando Hernández, with claims that the IMF is demanding cuts to education and health budgets and pushing forward with a privatisation agenda...

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