South & North America
Brazil to See Controlled Inflation in 2024
TEHRAN (ANA)- Brazil's financial market reduced its inflation forecast for 2024 from 4.02 to 4 percent and raised the forecast for 2025 from 3.88 to 3.90 percent, the central bank said.
Argentina to Stop Expanding Monetary Base to Reduce Inflation
TEHRAN (ANA)- Argentina will stop expanding its monetary base to reduce inflation in the country, Argentine Economy Minister Luis Caputo said.
Venezuelan Crude Oil Production Hits New Record for 2024 in June
TEHRAN (ANA)- Venezuela in June registered its highest crude oil production so far this year, according to a monthly report issued by the Organization of Petroleum Exporting Countries (OPEC).
Mexico's Industrial Activity Expands 1.7 Percent Year-on-Year in Jan-May
TEHRAN (ANA)- Industrial activity in Mexico saw a year-on-year increase of 1.7 percent in the first five months of 2024, mainly driven by the construction sector, the National Institute of Statistics and Geography (INEGI) reported.
Chile Raises Minimum Wage
TEHRAN (ANA)- Chile's government has raised the country's minimum wage to 500,000 Chilean pesos (about 530 U.S. dollars), marking the largest minimum wage hike in nearly 30 years.
Climate Issues to Cut Brazil's 2024 Grain Harvest by 5.9 Percent
TEHRAN (ANA)- Brazil's 2024 grain harvest is set to be 5.9 percent smaller than 2023 due to poor weather in several parts of the country, the state-run Brazilian Institute of Geography and Statistics (IBGE) reported.
Brazilian Market's Growth Forecast Nearly Unchanged despite End of Monetary Easing
TEHRAN (ANA)- Brazil's financial market maintained its 2024 economic growth forecast almost unchanged, even after the Monetary Policy Committee (Copom) of Brazil's Central Bank decided last week to pause the monetary easing policy adopted in August, the bank said.
Argentina's GDP Falls 5.1 Percent in Q1
TEHRAN (ANA)- Argentina's gross domestic product (GDP) fell 5.1 percent year-on-year in the first quarter of 2024, the National Institute of Statistics and Censuses (INDEC) reported.
U.S. Economic Growth for Q1 Revised Up Slightly to 1.4 Percent
TEHRAN (ANA)- The U.S. real Gross Domestic Product (GDP) for the first quarter grew 1.4 percent on an annualized basis, 0.1 percentage points higher than previously estimated, according to the third and final estimate released by the Commerce Department's Bureau of Economic Analysis.
IMF: Trade Restrictions, Banking Sector Vulnerabilities Downside Risks for U.S. Economy
TEHRAN (ANA)- The ongoing expansion of trade restrictions and insufficient progress in addressing the vulnerabilities highlighted by the 2023 bank failures both pose important downside risks for the U.S. economy, the International Monetary Fund (IMF) said.
