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LatinNews Daily - 06 January 2021

Main Briefing
On 5 January, both the de facto Venezuelan government led by Nicolás Maduro and the opposition led by Juan Guaidó sought to install a new annual session of the country’s national assembly...
Andean
* Ecuador’s central bank (BCE) has revealed that the country’s GDP contracted by 8.8% year-on-year in the third quarter of 2020, due to the continued impact of the coronavirus (Covid-19) pandemic and the measures imposed to try and contain it...
Brazil
On 5 January, Brazil’s President Jair Bolsonaro told supporters that “Brazil is broke, I cannot do anything”...
* Brazil’s national federation of automobile dealers (Fenabrave) has released its sales figures for 2020, according to which vehicle sales fell by 21.6% compared with 2019, falling to 2015 levels as the industry was hit by the effects of the coronavirus (Covid-19) pandemic...
Central America & Caribbean
On 5 January Belize’s foreign ministry (MFA) issued an official note protesting an “illegal incursion” by the Guatemalan navy into Belize’s territorial waters...
* According to the Guatemalan exporters’ association (Agexport), Guatemala’s exports totalled US$11bn in 2020, a 1.4% fall on the previous year as a result of the coronavirus (Covid-19) pandemic...
Mexico
On 5 January Luis Bravo, the coordinator of corporate communications at Mexico’s state-owned electricity firm Comisión Federal de Electricidad (CFE), said that in future, private renewable energy generators would have to reduce annual production...
* The World Bank (WB) has released its latest Global Economic Prospects report in which it forecasts that Mexico’s GDP will grow by 3.7% in 2021 after contracting by an estimated 9% in 2020...
Southern Cone
On 5 January three of the four organisations that make up the Mesa de Enlace, which groups Argentina’s various agricultural sector organisations, announced that they will stage a 72-hour strike from 11 January in protest at the government’s economic policies...
* Uruguay’s national statistics institute (INE) has released the latest figures for the national consumer price index (IPC), which saw monthly deflation of -0.19% in December 2020...

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