Moody’s States Inflation Is Affecting Economic Recovery in Part of Latam
Moody’s, the asset quality rating agency, has warned the high rate of inflation that some countries are facing in Latam will affect the economic recovery in the region. Brazil, Chile, and Mexico are said to be the countries more affected by this phenomenon, and their recovery will depend on other factors to attenuate the effects of inflation. Moody’s States Latam Spending Recovery Might Be Hampered by Inflation Inflation is becoming a problem in several countries of Latam and the world, putting a dent in the recovery predictions of many countries after the Covid-19....
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The International Monetary Fund is predicting that Latin America (Latam) will keep growing this year, reaching a growth rate of 3% even with all of the difficulties that the region is facing. The institution believes that the economic recovery that Latam is enjoying after the Covid-19 pandemic will be decelerated by several factors, including the macroeconomic conditions, rising inflation, and increasing social tensions amidst energy and food insecurity.
IMF Predicts Latam Will Keep Growing
The International Monetary Fund has issued a series of predictions on the growth and the....
According to Chainalysis, a crypto auditing and blockchain tracking firm, the use of dollar-pegged stablecoins is growing in Latam, specifically in Argentina and Venezuela, due to the common economic problems that both countries are facing. 34% of the “small” transactions include stablecoins in Venezuela, and 31% of these in Argentina, as citizens seek to shield themselves from devaluation and inflation.
Chainalysis Report Finds Stablecoins Are Useful for Latam Countries
While criticized by many, stablecoins are becoming a significant part of the activity of the....
The Bank of Spain has issued a new report about the performance of Latam economies during the first six months of the year. The document states that the current inflationary development that several countries of the region have can lead to institutional instability, even as the region is still recovering from the Covid-19 pandemic.
Bank of Spain Report Founds Latam Is Still Vulnerable
The Bank of Spain has recently issued a report where it examines the economic situation that Latam as a whole is going through after the Covid-19 pandemic. The report, which explains how the economy....
Sam Bankman-Fried, CEO of FTX, believes that the future of crypto is bright in Latam. In a recent interview, Bankman-Fried recognized the rising adoption and demand that cryptocurrencies are experiencing in Latam, stating that use is expected to grow for remittances and payments in the future.
Sam Bankman-Fried Talks Crypto in Latam
Latam is one of the areas globally that has become a cryptocurrency adoption hotbed due to its particular traits and circumstances, and the crypto industry is starting to notice. Sam Bankman-Fried, CEO of FTX and one of the richest men in crypto, has....
The economic fallout from Britain’s surprise decision to leave the European Union could continue for a while, with Moody’s lowering the country’s long-term issuer and debt rating from “stable” to “negative.” The rating affects rates the UK must pay to borrow money. Both Moody’s and competitor Fitch had already set Britain’s credit rating at Aa1 (the....