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Economy & Business - July 2019

Leader
Optimists, including Mexican President Andrés Manuel López Obrador, believe there is a simple solution to the North American migration crisis...
Andean Countries
At the end of last year, Ecuador’s national assembly approved a reform proposed by President Lenín Moreno the previous May, which amends the controversial communications law approved in 2013 (LOC)...
Since 2015, President Evo Morales and top officials in Bolivia’s energy sector have been repeating the same mantra: the country must become the energy heart of South America...
Brazil & Southern Cone
On 26 June, Alberto Fernández, the Peronist challenger hoping to dethrone the becalmed administration of President Mauricio Macri in October’s presidential elections, met the International Monetary Fund’s (IMF) Western Hemisphere representative Alejandro Werner to discuss the structure of the country’s debt with the organisation...
After 39 rounds of negotiations over almost two decades, the Southern Common Market (Mercosur) and the European Union (EU) announced a trade deal on 28 June...
By June, President Sebastián Piñera needed to take urgent action...
Highlights
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Mexico
The resignation of the market-friendly finance minister Carlos Urzúa in early July and his parting shot – a resignation letter that formed a damning indictment of President Andrés Manuel López Obrador’s administration – has rocked markets...
Following the release of the minutes from the last central bank monetary policy committee meeting in late June, there has been rising speculation that the Mexican economy may be on the verge of tipping into recession...
The imposition of fresh tariffs on Mexican steel exports to the US comes at a difficult time for the Mexican government, when it could really have done with some good news on the economy...
In addition to the steel duties discussed in the previous article, separate developments related to a long-running pipeline construction project threaten to impact the ratification of the US-Mexico-Canada Agreement (USMCA)...
Central America & Caribbean
More than a year since the start of the crackdown by President Daniel Ortega on his political opponents, which began in April 2018, the economic consequences for the country are clearer than ever...
Guatemala’s second-round presidential election will be held on 11 August, and either Sandra Torres of the centre-left Unidad Nacional de la Esperanza (UNE) or Alejandro Giammattei of the centre-right Vamos party will take office in January 2020...
On 15 January, the United Nations Economic Commission for Latin America and the Caribbean (Eclac) released its annual Social Panorama report detailing inequality and wealth distribution across the region...

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