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LatinNews Daily - 09 November 2022
Main Briefing
On 8 November, Peru’s Prime Minister Aníbal Torres announced that he had asked the president of congress, José Williams Zapata, to table a confidence vote in President Pedro Castillo’s government.... Read More
Andean
* Peru’s economy and finance minister, Kurt Burneo, has announced that the government has lowered its GDP growth forecast for 2022 to between 2.7% and 3%, down from its August forecast of 3.3% growth.... Read More
Brazil
On 8 November, Brazil’s president-elect Luiz Inácio Lula da Silva (Partido dos Trabalhadores, PT) nominated various members of his transition team, including a mix of liberal and left-leaning economists. ... Read More
* Brazil’s national association of vehicle manufacturers (Anfavea) has announced that Brazil’s vehicle production reached 206,044 units (including cars, trucks, and buses) in October 2022.... Read More
Central America & Caribbean
On 8 November a Panama judge called to trial two former presidents, Juan Carlos Varela (Partido Panameñista, 2014-2019) and Ricardo Martinelli (Cambio Democrático, 2009-2014), along with a string of other high-profile figures, in relation to the corruption scandal involving Brazilian construction and engineering firm Odebrecht.... Read More
*Guatemala’s national statistics institute (INE) has released new figures which show that monthly inflation in October was 0.98%, up from 0.36% in September, bringing the annual rate to 9.70%, up from 9.03% in September.... Read More
Mexico
On 8 November, Mexico’s lower chamber of deputies approved the federal budget for 2023 in general terms.... Read More
*Mexico’s President Andrés Manuel López Obrador has said that “inflation should not be used as an excuse for not increasing the minimum wage”.... Read More
Southern Cone
On 8 November, a local farmers’ organisation in Argentina, Movimiento CREA, released a report estimating that economic losses stemming from the impact of adverse weather conditions on wheat and barley harvests could total US$2.5bn this year.... Read More
*Chile’s national statistics institute (INE) has released new figures which show monthly inflation in October was 0.5%, down from 0.9% in September while the 12-month rate was 12.8%, down from 13.7% in September.... Read More
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- PERU: Gov’t challenges congress to table confidence vote
- In brief: Peru lowers growth forecast
- BRAZIL: Lula unveils key transition team members
- In brief: Brazil’s vehicle production rises year-on-year
- PANAMA: High-profile figures to face trial over Odebrecht case
- In brief: Guatemala’s inflation continues to surge
- MEXICO: Lower chamber approves 2023 budget
- In brief: Mexico’s López Obrador weighs in on minimum wage hike
- ARGENTINA: Concerns rise over impact of adverse weather conditions
- In brief: Chile’s inflation slows