News & Articles
Jun 13, 2012
There is a new group of nations in Latin America – the Pacific Alliance - uniting Mexico, Colombia, Peru and Chile.
Presidents of the four nations formally launched the economic integration pact at one of Earth’s most powerful deep space observatories in Santiago, Chile.
Colombian president Juan Manuel Santos said their first big move would be to drop visa requirements so citizens of all four countries could travel freely between them.
Chilean president Sebastian Pinera said the group’s goals included free trade and economic integration, with a clear orientation towards Asia.
May 9, 2012
The Argentine economy is set to grow 4% this year in line with the rest of the countries of the region according to a report, “Global Situation” from the Spanish-Argentine bank BBVA-Francés.
“The inertial characteristics of the region won’t allow significant improvements in an environment of high prices for commodities, which limits the reach of expansive economic policies in those countries with inflation targets”, adds the report.
The “Global Situation” estimates the world economy will advance 3.6% this year and 4% the following, boosted by emerging economies, particularly from Asia and Latin America.
“With the exception of Brazil monetary policies will overall have a cautious restrictive approach and it is expected that currencies on the whole region will continue to be appreciated. Brazil on the other hand will implement a more accommodative monetary policy”, concludes the report’s chapter on the evolution of the economy in the region for this year.