Displaying items by tag: Latin America

Companies in Latin America are slowly showing a recovery in salary increase budgets in 2021 despite the economic implications of COVID-19 across the region, according to a study by Willis Towers Watson.

South Korea has signed an agreement to expand a joint credit line program with the Inter-American Development Bank (IDB) to support infrastructure development in Latin America.

GfK, a global consulting firm that offers knowledge from data and insights, along with advanced Artificial Intelligence capabilities, presented its latest report "Weekly trends and outlook for the technology and durable goods market" in which it highlights the economic reactivation in Latin America, thanks to the continued growth of sales that register an approximate growth between 2 to 34%, compared to 2020.

According to the International Monetary Fund (IMF), economic ties between China and Latin America have grown sharply over the past 20 years. China has become a major partner of the region, with increasing imports of raw materials and exports of manufactured goods. On the investment side, China has emerged as a source of capital for Latin America; Chinese investment is expanding rapidly from natural resources to other sectors.

In response to COVID-19, which has severely impacted the lives and livelihoods of millions of people in Latin America and the Caribbean, the World Bank Group (WB) allocated a record US$29.1 billion to the region since the beginning of the crisis (April 1, 2020) and throughout fiscal year 2021, which ended june 30, 2021.

Economic crises like the one Latin America and the Caribbean are currently experiencing have long-lasting effects on the employment structure and could push many people permanently out of the formal economy, according to a new World Bank (WB) report.