The net assets of the Retirement Savings System totaled 4 trillion 709,808 million pesos at the end of 2020. The amount represented an annual growth rate of 18.1% nominal (14.5% in real terms). It also represented a GDP partition of 20.4 percent. From 2008 to 2020, accumulated capital
Singapore‘s economic recovery is expected in 2021, after going through its worst ever recession. In line with the rest of the world, the Covid-19 pandemic caused massive global economic disruption in 2020. To date, the virus has infected more than 100 million people in the world and has
The WTO reported that the Barometer on Trade in Goods stood at 103.9 points, indicating a marked improvement in merchandise trade around the world. Above all, the data stands out because the barometer fell drastically in the first half of last year. But a further downward shift could
The peso starts the session with an appreciation of 0.23% or 4.6 cents, trading around 20.18 units of peso per dollar, with the exchange rate touching a minimum of 20.1456 and a maximum of 20.2569 pesos. In the exchange market, most currencies are gaining ground, with the Chilean
The Ministry of Economy reported that FDI inflows to Mexico were for 29,079.4 million dollars in 2020. The figure represents a decrease of 11.7% compared to the amount of 2019 previously reported. On the one hand, in context, Mexico’s economy contracted 8.5% last year compared to 2019, reflecting
Freight rates, measured by the China Composite Freight Index (CCFI), were on average 18% higher in 2020 compared to 2019. While global supply and demand were broadly balanced, the unprecedented pickup in demand in major freight operations such as Asia-US in the second half of 2020, coupled with