Economy & Business - October 2022

The day after President Jair Bolsonaro’s better-than-expected showing as runner-up in Brazil’s 2 October election, there was a massive relief rally on financial markets.... Read More
Peru’s chamber of commerce (Perucámaras) has expressed its support for a wide-ranging economic reactivation plan announced by Finance Minister Kurt Burneo on 8 September.... Read More
At November’s United Nations Climate Change Conference (COP27) in Egypt, Colombia’s President Gustavo Petro will call for an international fund to help finance an ambitious plan to combat deforestation in the Andean nation.... Read More
From the outset it was clear that there wasn’t going to be enough money for President Gustavo Petro to simultaneously meet his campaign pledges, maintain all current social spending, and abide by the Fiscal Law, which ensures a minimum of fiscal discipline and would require public debt to be reduced from its current level of 60% of GDP to around 55%.... Read More
The supermarket shelves in downtown Caracas are brimming with imported products and the billboards bring the latest consumer goods tantalisingly close.... Read More
ECUADOR | Mexico trade talks.... Read More
Taking over the helm of an economy in full crisis mode is a high-stake gamble that can end your career or propel you to the presidency.... Read More
Chile’s President Gabriel Boric could not be under more pressure to put his country back on a track towards economic growth and political stability.... Read More
BRAZIL | Moving forward on Santos privatisation.... Read More
President Xiomara Castro’s leftist Partido Libertad y Refundación (Libre) government plans to dedicate a huge share of public spending to the energy sector under its proposed 2023 budget, as authorities prioritise getting a handle on the parlous state of the country’s state-owned electricity company Empresa Nacional de Energía Eléctrica (ENEE).... Read More
Guatemalan and Honduran children attend school for significantly less time than the regional average, according to a recent report from the United Nations Development Programme (UNDP).... Read More
Guyana’s GDP is forecast by the International Monetary Fund (IMF) to grow by 57.8% in 2022, and the government is making the most of this enviable oil-boom driven performance to ease the cost-of-living crisis without incurring any serious fiscal damage.... Read More
NICARAGUA | Legislature moves on trade deal with China.... Read More
Mexico’s Finance Minister Rogelio Ramírez de la O submitted the government’s budget proposal for 2023 to congress on 8 September.... Read More
The annual High-Level Economic Dialogue (HLED) meeting between the US and Mexico took place in Mexico City (CDMX) on 12 September.... Read More
The Instituto Mexicano para la Competitividad (Imco), a Mexican think tank focused on competitivity and economic development, published its 2022 Index of International Competitiveness (ICI) on 14 September.... Read More
MEXICO | New economy minister named.... Read More

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