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Mexican Economy to See More Growth in 2014

Mexico's economy, which will experience slower growth in the first half of 2013 due to headwinds from the United States, will have a stronger performance next year, the Organization for Economic Cooperation and Development, or OECD, said Wednesday. continue reading »

Spain Posts $93 Billion Budget Deficit in 2012

Spain posted a budget deficit of 6.98 percent of the gross domestic product last year and not the 6.74 percent initially reported by the government, based on new Eurostat accounting standards for tax refunds, Secretary of State for the Budget Marta Fernandez Curras said Wednesday. continue reading »

Japan’s GDP Drops for Third Consecutive Quarter

Japanese gross domestic product shrank 0.4 percent in the fourth quarter of 2012 on an interannual basis, its third consecutive quarterly decline, the government said Thursday. continue reading »

China’s Economy Grew at Slowest Pace in a Decade in 2012

The Chinese economy grew 7.8 percent in 2012 to mark the smallest 12-month expansion in GDP in a decade, the National Statistics Bureau said Friday. continue reading »

Projections Show Latin American Consumer Market to Reach 661 million People in 2025

Mega Trends are transformative, global forces that define the future world with their far reaching impact on business, societies, economies, cultures and personal lives. In the last decade, Latin America has shown tremendous growth supported by the strong macroeconomic reforms implemented during the 1990s. continue reading »

Mexican Budget Forecasts 3.5 Percent GDP Growth in 2013

Mexico's government has submitted Congress a balanced-budget plan for 2013 based on spending cuts and gross domestic product growth of 3.5 percent. continue reading »

Brazilian Economy Saw Growth in 3rd Quarter, Below Gov’t Expectations

Brazil's economy grew by 0.6 percent in the third quarter compared to the previous three-month period, well below the government's forecasts, the IBGE statistics agency said Friday. continue reading »

Brazil’s Economy Saw Slight Drop in September

The Brazilian economy shrank by 0.52 percent in September compared with August, the biggest one-month decline in almost a year, the central bank said Wednesday. continue reading »

Mexico Eyes European Travelers for Continued Tourism Growth

Mexico's comprehensive tourism plan has laid the basis for spurring the growth of a sector that is increasing by about 4 percent each year, the country's tourism secretary told Efe here on Wednesday. continue reading »

Colombian Economy Surpasses Argentina as No. 2 Economy in South America

Colombia has moved ahead of Argentina to become South America's second-largest economy, the outgoing Colombian finance minister said Friday. continue reading »