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LatinNews Daily - 02 April 2020
Main Briefing
On 1 April, the Brazilian government led by President Jair Bolsonaro unveiled an ‘emergency programme to maintain employment’, presented as its biggest effort so far to protect jobs from the impact of the coronavirus (Covid-19) pandemic. ... Read More
Andean
On 1 April, Venezuela’s de facto president Nicolás Maduro condemned the deployment of US counter-drug trafficking forces off the coast of Venezuela as an attempt to threaten military action against his government.... Read More
* Peru’s national statistics institute (Inei) has released the country’s inflation figures for March, showing annual inflation at 1.82%.... Read More
Brazil
* The Brazilian real has reached another new low against the US dollar, closing the day at R$5.26/US$1 yesterday (1 April), while the index for the São Paulo stock exchange (Bovespa) fell almost 3%.... Read More
Central America & Caribbean
On 1 April Costa Rica’s President Carlos Alvarado expressed concern about the measures taken by neighbouring Nicaragua to stop the spread of coronavirus (Covid-19).... Read More
* El Salvador’s central bank (BCR) has said that it expects the country’s economy to contract by between 2%-4% in 2020, due to the impact of coronavirus (Covid-19) pandemic.... Read More
Mexico
On 1 April the association of state governors from the right-wing opposition Partido Acción Nacional (Goan) called for the Mexican government led by President Andrés Manuel López Obrador to provide emergency funds to state governments to face the health and economic emergencies produced by the coronavirus (Covid-19) pandemic.... Read More
* Mexico’s finance ministry (SHCP) has released a new report which forecasts national GDP to register growth of between -3.9% and 0.1% in 2020, as a result of the impact of the coronavirus (Covid-19) pandemic.... Read More
Southern Cone
On 1 April Argentina’s country risk spread rose a further 2.6% after the government missed its self-imposed 31 March deadline to conclude debt renegotiations with its foreign creditors.... Read More
* Chile’s central bank (BCCh) has published its latest monetary policy report (Ipom) which forecasts that the country’s GDP will contract between 1.5%-2.5% this year due to the impact of coronavirus (Covid-19).... Read More
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- BRAZIL: Under pressure from congress, gov’t moves to protect jobs
- VENEZUELA: Maduro condemns military aggression
- In brief: Food prices drive increased inflation in Peru
- In brief: No sign of recovery for Brazilian real
- NICARAGUA: Ortega under pressure over health strategy
- In brief: El Salvador’s central bank revises down growth forecast
- MEXICO: Opposition governors demand assistance
- In brief: Mexico lowers GDP growth forecast
- ARGENTINA: Markets quiver at debt-talk postponement
- In brief: Chile’s central bank releases growth forecast