• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Thursday, June 8, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Moody’s States Inflation Is Affecting Economic Recovery in Part of Latam – Economics Bitcoin News

August 25, 2022
in Bitcoin
Reading Time: 4 mins read
A A
Moody’s States Inflation Is Affecting Economic Recovery in Part of Latam – Economics Bitcoin News
ShareShareShareShareShare

Related articles

Mark Cuban on Coinbase Crackdown: “No One Trusts” The SEC

Mark Cuban on Coinbase Crackdown: “No One Trusts” The SEC

June 8, 2023
Changpeng Zhao summoned in SEC lawsuit by US court

Changpeng Zhao summoned in SEC lawsuit by US court

June 7, 2023

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 pandemic. A recent note issued by asset quality rating agency Moody’s stresses that inflation will be a decisive factor in the future of the economic recovery of the area.

The note mentions Brazil, Chile, and Mexico as three of the countries whose private spending growth will be significantly attenuated by the high inflation rates they are experiencing. However, other factors will also be relevant when it comes to this spending recovery.

The note stated that the level of wages in Mexico, the consumer trust in Brazil, and the speed at which jobs are created in Chile will also influence this growth in the near future.


Individual Factors

Mexico is one of the countries that has registered high inflation rates this year. According to numbers from Banxico, the central bank of the country, May’s inflation rate was a touch below its highest number in 21 years. Moody’s explains the large amount of people outside of the formal job system will aggravate this issue because the company expects few raises for workers in these conditions.

Brazil, on the other hand, has an advantage when compared to Mexico, because the work market has high levels of formality, and companies are more inclined to issue wage increases to keep them in line with the high inflation rates. Chile is now facing difficulties due to the political challenges of redacting a new constitution, a task that has been proposed by the current president of the country, Gabriel Boric.

This political uncertainty might negatively affect the recovery of the country. Further, Boric stated that if the proposed constitution is rejected by the Chileans, another constitutional process would have to be organized.

In April, the Bank of Spain issued a report raising concern about the development of political instabilities as a result of the loss of purchasing power by the most vulnerable households, and the influence this might have on the growth predictions for Latam.

Tags in this story
Bank of Spain, Brazil, Brazil. Mexico, Central Bank, Chile, consumption, Gabriel Boric, growth, inflation, latam, Mexico, Moody’s, political instability, wages

What do you think about the influence that high inflation rates will have on the private spending growth in Latam? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It


Credit: Source link

ShareTweetSendPinShare
Previous Post

Telegram’s Web3 ‘Enhancements’ Built On Old Foundations

Next Post

LABEL Foundation to Integrate With Project Galaxy for NFT Airdrop

Related Posts

Mark Cuban on Coinbase Crackdown: “No One Trusts” The SEC

Mark Cuban on Coinbase Crackdown: “No One Trusts” The SEC

June 8, 2023

Outspoken Dallas Mavericks owner and occasional crypto enthusiast Mark Cuban has taken to Twitter to express his concerns over the...

Changpeng Zhao summoned in SEC lawsuit by US court

Changpeng Zhao summoned in SEC lawsuit by US court

June 7, 2023

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In response to the Securities and...

Sequoia Capital to divide global business into multiple parts

Sequoia Capital to divide global business into multiple parts

June 7, 2023

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Sequoia Capital, a venture capital firm,...

USDC Stablecoin Issuer Circle Gets Regulatory Green Light In Singapore

USDC Stablecoin Issuer Circle Gets Regulatory Green Light In Singapore

June 7, 2023

Circle, the company behind the popular USDC stablecoin, just got an official greenlight to operate in Singapore. After receiving an...

Unusual COIN option trade happens around SEC lawsuits

Unusual COIN option trade happens around SEC lawsuits

June 7, 2023

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On June 7, Charles Hoskinson, the...

Load More
Next Post
LABEL Foundation to Integrate With Project Galaxy for NFT Airdrop

LABEL Foundation to Integrate With Project Galaxy for NFT Airdrop

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Assassin’s Creed NFTs: Smart Collectibles Bridging Gaming & Blockchain

Assassin’s Creed NFTs: Smart Collectibles Bridging Gaming & Blockchain

May 15, 2023
Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1

Marathon sees $51M revenue, 74% YOY increase in Bitcoin output in Q1

May 10, 2023
UBS Set to Finalize Credit Suisse Takeover, Potential Completion Date in Sight

UBS Set to Finalize Credit Suisse Takeover, Potential Completion Date in Sight

June 5, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • UK's FCA Follows US SEC in Ramping Up Crypto Regulations – BanklessTimes
  • New Ethereum NFTs Triumph Over the Bear Market
  • U.S. Firms Looking for Greener Pastures Abroad as Regulatory Action Strikes Home

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$26,475.00-1.43%
  • ethereumEthereum(ETH)$1,842.55-1.85%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.11%
  • binancecoinBNB(BNB)$261.80-5.67%
  • usd-coinUSD Coin(USDC)$1.000.07%
  • rippleXRP(XRP)$0.52-1.67%
  • staked-etherLido Staked Ether(STETH)$1,841.86-1.76%
  • cardanoCardano(ADA)$0.328287-4.11%
  • dogecoinDogecoin(DOGE)$0.067979-2.28%
  • solanaSolana(SOL)$18.69-6.77%
  • matic-networkPolygon(MATIC)$0.77-3.94%
  • tronTRON(TRX)$0.076997-0.19%
  • litecoinLitecoin(LTC)$88.38-2.00%
  • polkadotPolkadot(DOT)$5.03-2.60%
  • binance-usdBinance USD(BUSD)$1.00-0.27%
  • avalanche-2Avalanche(AVAX)$13.93-4.27%
  • shiba-inuShiba Inu(SHIB)$0.000008-0.73%
  • daiDai(DAI)$1.00-0.07%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,501.00-1.29%
  • uniswapUniswap(UNI)$4.58-3.31%
  • leo-tokenLEO Token(LEO)$3.530.38%
  • chainlinkChainlink(LINK)$5.97-3.54%
  • cosmosCosmos Hub(ATOM)$9.49-5.24%
  • okbOKB(OKB)$44.52-1.36%
  • moneroMonero(XMR)$144.25-1.36%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • ToncoinToncoin(TON)$1.64-0.93%
  • ethereum-classicEthereum Classic(ETC)$16.98-1.79%
  • stellarStellar(XLM)$0.087344-1.76%
  • bitcoin-cashBitcoin Cash(BCH)$111.33-1.60%
  • true-usdTrueUSD(TUSD)$1.000.14%
  • lido-daoLido DAO(LDO)$2.22-7.44%
  • internet-computerInternet Computer(ICP)$4.20-3.38%
  • filecoinFilecoin(FIL)$4.14-3.70%
  • quant-networkQuant(QNT)$111.53-4.00%
  • AptosAptos(APT)$7.73-4.43%
  • crypto-com-chainCronos(CRO)$0.058921-1.31%
  • hedera-hashgraphHedera(HBAR)$0.048299-1.43%
  • ArbitrumArbitrum(ARB)$1.13-3.46%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • nearNEAR Protocol(NEAR)$1.41-5.17%
  • vechainVeChain(VET)$0.017633-4.26%
  • apecoinApeCoin(APE)$2.90-1.81%
  • the-graphThe Graph(GRT)$0.114355-1.51%
  • paxos-standardPax Dollar(USDP)$1.000.19%
  • fraxFrax(FRAX)$1.00-0.08%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.890.85%
  • rocket-poolRocket Pool(RPL)$47.85-1.93%