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Weekly Report - 05 May 2022 (WR-22-18)
CHILE: Growth and inflation head in wrong direction
Chile’s central bank cut its economic growth forecast for this year to only 1.5% (down from 3.5% previously) on 3 May, while raising the inflation forecast to 8.9% (up from 6.5% previously) due in part to the high cost of fuel and some food shortages exacerbated by the conflict in Ukraine. The bank’s action served as confirmation that the new government led by President Gabriel Boric faces strong global economic headwinds, compounding its uncertain start.
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- VENEZUELA-REGION: Maduro looks to capitalise on high oil prices
- COLOMBIA: Petro warns of assassination plot
- ECUADOR: Pacifying the coast
- ARGENTINA: Ruling coalition consumed by infighting
- CHILE: Growth and inflation head in wrong direction
- TRACKING TRENDS
- MEXICO: Violence erupts on Jalisco-Michoacán border
- MEXICO: Ebrard goes to Washington
- ENGLISH-SPEAKING CARIBBEAN: Colonial legacy comes in for criticism
- HAITI: Resurgence in gang violence sparks concerns
- CUBA: Government hails May Day march
- Moving on cryptocurrency
- Quotes of the week