TLA Times | December 17, 2019
ARGENTINA
Olive oil producers take wait-and-see approach with new government
Olive Oil Times reports that Argentina’s olive oil producers are expecting a better harvest and hope the new government will not shake up the export market too much. Domestic olive oil consumption is small and has remained flat. The industry is dependent on shipping to the United States and Europe. “We hope that the new administration will take the necessary and right measures to maintain our international markets, but we do not have official clarity of state policies on foreign trade yet,” the manager of one oil-producing facility says. Details
BRAZIL
Brazilian economy appears poised to have a breakout year in 2020
The New York Times reports the Brazil economy looks like it should finally shake off the hangover of the 2015-16 crash. The country has the largest economy in the region and largely underperforms. It has registered just above 1% growth the past three years. But the Times says the government’s efforts to rein in public finances, cut restrictions in the economy, and a low exchange rate all point to good things in the near future. Details
PERU
Central bank keeps borrowing costs low with growth seeming to slow
Peru’s central bank is keeping interest rates low as the economy grows slowly, Bloomberg Quint reports. The bank had cut rates last month to their lowest level since 2010. The bank has forecast the economy will expand 2.5% this year, down from a forecast of 2.7% in September and 4% last spring. Details
MEXICO
NBA’s development league to put a team in Mexico City next season
Developers building first 3D-printed neighborhood
A nonprofit organization is building a neighborhood using 3D-printed materials in an impoverished area of the state of Tabasco, CNN reports via KYET. The area is subject to floods and earthquakes. “These families are the most vulnerable and in the lowest income … and they’re living on about an average of $3 a day,” the nonprofit’s CEO, Brett Hagler, says. The new homes – 50 are planned – will be made out concrete molds, produced by the 3D printer. Details
FUN IN THE SUN
Exploring the cave of the giant sloth
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