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Economic Snapshot for Latin America – Nov 2018

Recovery stalls in the third quarter Incoming data suggests that the Latin American economy remained soft in the third quarter. Focus Economics estimates that regional GDP growth (excluding Venezuela) remained broadly unchanged, inching up from Q2’s 1.7% to 1.8% year-on-year. The second quarter’s result had marked the worst performance in one year as shocks in major-players Argentina and Brazil held back growth. Preliminary data revealed that growth was stable in Mexico in the third quarter. The…

Get South America Real Estate News on your phone with just one click

You can have a one-click connection to GTSA – News by simply downloading our icon on your phone.  We’ve created some simple videos to guide you through the process. Enjoy.  For iPhone users 1. Open Safari 2. Navigate to gtsanews.com 3. Tap the ‘Share’ button 4. Tap the ‘Add to Home Screen’ button 5. Give it a name and tap ‘ADD’ 6. Enjoy your new ‘app’. For Android users 1. Open Chrome 2. Navigate to gtsanews.com 3. Tap the menu with three vertical…

China must invest in Latin America for food security

China must invest overseas to ensure its food security, said speakers at the recent Asian Financial Forum. “China and India have to open to global markets like Australia, Africa, and Latin America, and invest in these countries’ agricultural production for food security,” said Fan Shenggen, the director general of the International Food Policy Research Institute. By 2020, China would need to import 100 million tonnes of grain each year, Fan said. Last year, it imported three million tonnes…

Paraguay, Peru and Chile star economies of 2018 and 2019: report

By 2019, the highest growth in the region is projected for the economy of Paraguay, with 4.3%, followed by Peru (3.9%) and Chile (3.7%), according to a report by BBVA Research. In Argentina, a “significant” recession is anticipated. The Latin American economy will grow 0.9% on average this year due to the weak performance of countries such as Argentina, Brazil, Mexico, and Uruguay, with which the expected recovery of the region will be postponed until 2019, the report said. The new projection of the Spanish…

Is the the USD doomed as a world reserve currency?

The United States has benefited enormously from being the Worlds Reserve Currency because much of the world still uses the dollar for international trade.  This is because foreign governments must hold in their foreign exchange reserves USD’s to settle international claims and intervene in foreign exchange markets. In addition to that many emerging market countries like Argentina, Uruguay, Paraguay and Peru use USD dollars for capital goods. ie housing, commercial property, imported cars, commodities…

What makes Trumps America the world’s most competitive economy?

Any international economic index that finds America at the pinnacle of global success is sure to invite questions around whether such success can be attributed to the actions of any one leader or administration. To apply this question to the Global Competitiveness Report 2018, let’s first take a look at the facts. The first thing to note is that this is the first year that we have formally adopted a new methodology for measuring competitiveness. It’s a radical departure: around 66% of the indicators we…

HOW VULNERABLE IS THE $100+BN PROPERTY PORTAL INDUSTRY WORLDWIDE?

This is an article written for a New Zealand audience but the challenges and disruption that is causing some in their real estate industry to pause is also very applicable to the South American market which is very fragmented with a low level of transparency.  It was written by Alister Helm a licenced real estate salesperson and journalist.  “It was 5 years; almost to the month that Trade Me made its ill-fated blunder. A very costly blunder, a blunder that continues to hold strong memories within the…

Combining Innovation With Sustainability In Latin America

Global Warming. Arguably the buzzword of the century. Preached by some, denied by others, it is the issue that is possibly going to define the legacy of our generation. A brief glance at some statistics tells enough of the story to hammer home what experts have been warning us about for decades. Since 2001, 17 of the 18 warmest years on record have been registered. Carbon Dioxide levels are at their highest point in 650,000 years, at a quite astonishing 409 parts per million. The global sea level is growing…

Australia puts Roundup – Glyphosate under the spotlight – Maybe South America should too

Australia’s top-tier cancer body has called for an independent review of the world’s most well-known herbicide which has been linked to non-Hodgkin’s lymphoma. An active ingredient in the popular weed-killing product Roundup called glyphosate — a chemical that has not been reviewed in more than two decades — Cancer Council is concerned. Roundup is the most widely used herbicide on the planet and is popular among domestic gardeners and farmers in Australia. It was patented by agrochemical…

Private Banking in Uruguay is undergoing drastic changes

International trading and investment banks that have offices in Uruguay and offer financial services are changing. After the sudden departure of the Royal Bank of Canada,  you can add the Crédit Suisse, Raymond James sales and many others.. Traditional banking, which provides loans and takes deposits in Uruguay has made several changes as has merger and acquisition specialists, offshore banking, private banking or giving investment advisory services and fund management. The Royal Bank of Canada (RBC), which…

The latest Real Estate Options for South America

South America's Real Estate Specialists
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We offer South American real estate investment opportunities in Argentina, Brazil, Chile, Paraguay, Peru and Uruguay. Click on the Red Links above for our latest options. We know buying South American Real Estate has specific rules for foreign citizens, rules we are familiar with and have worked with extensively. This is why we have created a programme to guide international buyers through the whole process of purchasing real estate in South America, from finding properties for sale to helping clients…

What is the most important thing that a person/company should consider if they want to invest in Uruguay?

Beyond the emotional elements, the investor must analyze the advantages each country offers. Investors are becoming more aware that foreign investment competition is fierce among countries, especially those located in the same geographic area; therefore comparing the advantages offered by each and every country is a very good idea to finally decide the best option for your circumstances. The American Nobel prize winner, Milton Friedman (economist) quoted ”Investors in the current context are like consumers,…

Are agricultural investment funds a bottomless basket?

Financially, we all remember the date: September 2008. The Sub-prime crisis and everything that’s happened in these 10 years. Global rates fell, the profitability of many businesses went down and various businesses ‘too big to fail‘ finally did also fall. But there was a common denominator in a particular sector. Where there were real assets such, as agricultural land, the financial damage was a lower. On the other hand, the dilemma of world food supply continues. By 2050 the population will…

Will real estate agents be replaced by robots?

It’s no longer a question of whether but rather when the real estate industry will be disrupted. Our way of selling and buying houses remains a pain point. California-based investment advisor Ross Gerber summed up what lots of us think when he said, “The real estate industry desperately needs … a transparent, predictable and liquid market that not only captures supply and demand dynamics but allows for expeditious, low-cost and hassle-free transactions. Such a market would increase activity,…

Why are People Choosing to Live and Invest in Latin America?

It is no doubt that the economic balance of the world has moved over the last few years after the U.S.-led credit crunch, which resulted in a worldwide recession. As a consequence, Latin America, led by Brazil and Mexico, is now amongst the strongest economy in the world and their presence on the worldwide stage is growing. There are very close similarities between the ongoing developments within Latin America and the development of Europe in years gone by as one of the leading powerhouses. To set the records…