Latin American & Caribbean round-up: Mexico tipped to overtake Russia by 2050, and more

26 Jun 15

A round-up of recent public finance stories from Latin America & the Caribbean you might have missed.

Mexico to overtake Russia in list of world's top 10 economies by 2050, forecast predicts

By 2050, Mexico will have surpassed Russia as one of the top 10 economies in the world, according to a forecast by the Economist Intelligence Unit. (Fox Latino)

Puerto Rico’s governor says he explored possibility of declaring island bankrupt

Puerto Rico’s governor confirmed that his administration recently pursued a proposal to request that the US Congress allow the island's heavily indebted government to declare bankruptcy amid an economic crisis. (Fox Latino)

Cayman Islands: labour bill raises retirement age to 65

New labour law proposals, out for public consultation this week, could make sweeping changes to employment laws in the Cayman Islands, including raising the retirement age, increasing the length of maternity leave and creating new whistleblower protections. (compasscayman.com)

Brazil: economic activity further contracts in April as confidence dwindles

Economic activity in Brazil fell sharply in April from March, worse than already negative market estimates and showing still more evidence the once-booming economy is heading toward a recession. (Merco Press)

Jamaica’s FDI flow declines

Jamaica officially received US$551m in foreign direct investment (FDI) inflows for 2014 or 7.0% less than a year earlier, according to the World Investment Report released at a briefing at Jampro's head office in Kingston, today. (Jamaica Observer)

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