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Migrants through remittances prevent further collapse of the Nicaraguan economy

Remittances (remesas in Spanish) are the only source of support for the Nicaraguan economy, hit by rising unemployment, the decline in foreign and domestic investment, the reduction of exports, the credit drought and the deterioration of the purchasing power of households, such as consequence...

Steep pension cuts, tax increases could plunge Nicaragua into recession

In April last, the Ortega regiem announced it was raising payroll taxes and cutting pension benefits to bolster a hemorrhaing social security program. In this Feb. 8, 2019 photo, a Sandinist ruling party banner and a national flag fly outside the Instituto Nicaraguense de Seguro...

“Argentina on the rocky road to recession”, anticipates The Economist

On a residential street corner in Buenos Aires, Van Koning Market sells imported beers to the city’s well-heeled. Since it opened in June last year costs have soared. The peso has plummeted, meaning wholesale prices have shot up. Inflation is running at 26%; the reduction...

Castro’s Shallow Economic Reforms Keep Suppressing the Dreams of Cubans

Following the economic and immigration openings between the United States and Cuba during the Obama administration, the Raúl Castro regime reportedly began timid economic reforms that placed more responsibility in the hands of private entities — but have they worked? Castro has cultivated an economic...

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