Venezuela’s unemployment rate is soaring to levels unseen in the world since the Bosnian war came to an end more than two decades ago, according to the International Monetary Fund.
World stocks rose to a six-month high on Tuesday, lifted by investor optimism that a U.S.-Mexico deal to overhaul the North American Free Trade Agreement will go some way to averting a global trade war.
Gross domestic product declined 0.2 percent from the previous quarter in seasonally adjusted terms, compared with the preliminary 0.1 percent contraction estimate and a 1 percent expansion in the first quarter, Mexico’s national statistics institute reported on Friday. Non-seasonally adjusted GDP rose 2.6 percent from a year earlier.
Will Mexico’s Andres Manuel Lopez Obrador, who in December assumes the presidency of Latin America’s second-largest economy, become a new Hugo Chavez or a new Luiz Inacio Lula da Silva?