June 18, 2025 Venezuela’s oil output has declined for a second consecutive month amid renewed U.S. sanctions. According to the latest OPEC monthly report, the country’s May production stood at 896,000 barrels per day (bpd), based on secondary sources. This figure represents a drop of 32,000 bpd compared to April. In contrast, Venezuela’s state oil
June 17, 2025 The Statistical Institute of Jamaica (STATIN) reported that as of May 2025, the point-to-point inflation rate was +5.2%; 0.1 percentage points lower than the 5.3% recorded between April 2024 to April 2025. Compared to April 2025, the All-Jamaica Consumer Price Index (CPI) increased by 0.4% in May 2025. The main driver of
June 17, 2025 Foreign direct investment (FDI) into developing economies has fallen to its lowest level since 2005, according to new World Bank research. In 2023, developing countries received just $435 billion in FDI, a sharp drop that reflects rising barriers to trade and investment. These restrictions threaten progress toward global development goals, especially as
June 12, 2025 Mexico’s Central Bank Governor, Victoria Rodríguez Ceja, called for confidence in the country’s financial system and broader economy on Wednesday, aiming to ease concerns over rising inflation and sluggish growth in Latin America’s second-largest economy. In its biannual Financial Stability Report, the Bank of Mexico (Banxico) painted an optimistic picture, emphasizing the
June 12, 2025 On June 10, 2025, the Executive Board of the International Monetary Fund (IMF) concluded its Article IV consultation with Dominica, endorsing the staff appraisal on a lapse-of-time basis. The Dominican authorities have agreed to publish the accompanying staff report. Dominica’s economy continues to recover steadily. Real GDP grew by 3.5 percent in
June 9, 2025 Net International Reserves – May 2025 BOJ has reported that Jamaica's Net International Reserves as at May 31, 2025, stood at US$5,799.57 million, reflecting a decrease of US$59.06 million when compared to the US$5,858.64 million reported at the end of April 2025. Foreign Assets totalled US$5,841.20 million, US$59.05 million less than the
June 06, 2025 Countries across Latin America should uphold prudent fiscal policies to bolster their economies in the face of rising trade tensions and growing policy uncertainty, Nigel Clarke, Deputy Managing Director of the International Monetary Fund (IMF), told Reuters on Friday. “Now is not the time to alter policy frameworks or abandon fiscal plans,”
June 6, 2025 According to the U.S. Bureau of Labor Statistics, total nonfarm payroll employment rose by 139,000 in May, while the unemployment rate remained unchanged at 4.2%. Employment saw notable increases in health care, leisure and hospitality, and social assistance, whereas federal government employment continued to decline. These findings are based on two monthly
June 03, 2025 The seasonally adjusted unemployment rate for the euro area was 6.2% in April 2025, down from 6.3% in March 2025 and 6.4% in April 2024. In the EU, the unemployment rate was 5.9% in April 2025, the same as in March 2025, but down from 6.0% in April 2024. Eurostat estimates that
May 30, 2025 The Virgin Islands boasts a high GDP per capita, underpinned by a robust and expanding tourism industry and a stable financial services sector. The adoption of the US dollar as legal tender enhances economic stability and facilitates seamless international trade. The government of the Virgin Islands has recently seen an upgrade in
