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Economy & Business - August 2007 (ISSN 1741-4431)
BRAZIL: It's an ill wind...
The mid-August financial market turbulence benefited Brazil. International
investors' panic about risky assets accomplished what the Brazilian central bank
had been unable to do since May: drive the Real back over R$2 against the
dollar. The crisis pushed the Real to R$2.03 to the dollar (after having been
R$1.84 at the end of July), boosting Brazilian industry. Exporters are the
obvious beneficiaries but companies geared to the booming domestic market are
also relieved to see the prices of imported goods rising.
- Will the international financial crisis hurt Latin America?
- MEXICO: Slowing down
- TAX: Government runs into problems
- MEXICO BRIEFS
- BRAZIL: It's an ill wind...
- ARGENTINA: Decent growth in June
- CHILE: Central bank raises rates
- PARAGUAY: Gloom about the economy
- URUGUAY: Inflation target broken
- BOLIVIA: Urban opposition complains about inflation
- COLOMBIA: Central bank raises rates again
- ECUADOR: Populism at work
- PERU: Strong growth but tiny minimum wage increase
- VENEZUELA: Spending surges
- COSTA RICA: Inflation still too high
- CUBA: Tourist problems
- NICARAGUA: Inflation picks up
- DOMINICAN REPUBLIC: US remains main market for exports
- EL SALVADOR: Exports up by 5%
- GUATEMALA: 3% budget increase
- HONDURAS: Trade deficit widens
- PANAMA: Government confident
- PETROLEOS MEXICANOS: Problems
- AGRIBUSINESS: Peru asparagus industry ravaged by earthquake
- REMITTANCES: Mexican remittances start to stagnate
- DEBT: Venezuela suspends Bonos del Sur