LatinNews Daily - 01 November 2022

On 31 October, truck drivers that support Brazil’s President Jair Bolsonaro (Partido Liberal, PL) blocked roads in 25 states and the Federal District to protest the election of leftist former president Luiz Inácio Lula da Silva (2003-2011; Partido dos Trabalhadores, PT).... Read More

On 31 October Ecuador’s President Guillermo Lasso appointed Fernando Santos Alvite as his new energy and mining minister, after Santos’ predecessor, Xavier Vera, was accused of corruption.... Read More

* Ecuador’s economy and finance minister, Pablo Arosemena, has presented the national assembly with the government’s budget for 2023, which outlines planned spending of US$31.50bn – a 3.5% increase on the 2022 budget.... Read More

*Brazil’s central bank (BCB) has released the country’s latest fiscal statistics, showing that the public sector posted a primary surplus of R$10.7bn (US$2.065bn) in September, down from a R$12.9bn surplus in the same month last year.... Read More

On 31 October the Honduran foreign minister, Eduardo Enrique Reina, held a meeting with the US ambassador in Tegucigalpa, Laura Dogu, after diplomatic tensions broke out last week over the issue of foreign investment. Analysis:... Read More

* Costa Rica’s central bank (BCCR) has raised its growth forecast for 2022 by 0.9 percentage points to 4.3%, citing strong performances in most economic sectors, although it predicted that annual inflation would remain high at 9.4%.... Read More

On 31 October, the chief officer for North America in Mexico’s foreign ministry (SRE), Roberto Velasco, condemned the use of excessive force against migrants following an incident at the US-Mexico border.... Read More

* Mexico’s national statistics institute (Inegi) has released the latest figures on its quarterly estimation of GDP growth, showing that economic activity increased 1% in the third quarter of 2022 in real terms, as compared to the previous quarter.... Read More

On 31 October, Argentina’s Economy Minister Sergio Massa detailed an economic stabilisation plan starting in December that would involve freezing consumer prices for four months.... Read More

* Paraguay’s central bank (BCP) has revised down its inflation forecast for this year from 8.8% to 8.6%, while maintaining a forecast of 4.1% for 2023.... Read More