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UN report warns of lower economic growth for Latin America in 2022

AFP

Economic growth in Latin America and the Caribbean will be lower than expected at 1.8 percent this year due to the war in Ukraine, a UN body said Wednesday.

In 2021, the region’s gross domestic product (GDP) was 6.2 percent, and the UN Economic Commission for Latin America and the Caribbean (ECLAC) in January forecast growth of 2.1 percent for 2022.

But in a statement Wednesday, it adjusted the figure downward, saying the war has heightened inflation, increasing financial volatility and costs.

“The economies of Latin America and the Caribbean face a complex juncture in 2022 due to the war between Russia and Ukraine, which ushers in a new source of uncertainty for the world economy,” it said.

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The economies of South America are projected to grow by 1.5 percent, Central America and Mexico by 2.3 percent, and the Caribbean (excluding Guyana) by 4.7 percent, said the ECLAC.

“The war in Ukraine has also caused an increase in commodity prices, mainly in fossil fuels, some metals, food and fertilizers,” it added.

Along with higher costs due to supply chain disruptions, the price increase has caused inflation in some countries to reach historic highs in 2022.

Last month, regional inflation was estimated at 7.5 percent, and many central banks anticipate sustained high inflation for the rest of the year.

As growth slows, the agency also warned of higher unemployment rates.

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For Brazil, the region’s largest economy, the ECLAC forecast growth of 0.4 percent for 2022.

Its projection for Mexico was 1.7 percent, for Argentina 3.0 percent, Venezuela 5.0 percent, Colombia 4.8 percent, Chile 1.5 percent, Peru 2.5 percent and Costa Rica 3.7 percent.

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International

Man arrested after deliberately driving into seven children in Osaka

Japanese police arrested a man on Thursday after he rammed his car into a group of seven schoolchildren in an apparent deliberate attack in the city of Osaka.

The children, who were on their way home from school, sustained injuries and were taken to the hospital. All seven remained conscious, according to local authorities.

An Osaka police officer, speaking on condition of anonymity, said the suspect is a 28-year-old man from Tokyo. The officer shared statements the man made after his arrest: “I was fed up with everything, so I decided to kill people by driving into several elementary school children,” the suspect reportedly said.

The man has been arrested on suspicion of attempted murder.

The injured children, aged between seven and eight, included a seven-year-old girl who suffered a fractured jaw. The six other children—all boys—suffered minor injuries such as bruises and scratches and were undergoing medical evaluation.

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Witnesses described the car as “zigzagging” before hitting the children. One witness told Nippon TV that a girl was “covered in blood” and the others appeared to have scratches.

Another witness said the driver, who was wearing a face mask, looked to be in shock when school staff pulled him from the vehicle.

Violent crimes are rare in Japan, though serious incidents do occur from time to time. In 2008, Tomohiro Kato drove a two-ton truck into pedestrians in Tokyo’s Akihabara district, then fatally stabbed several victims. Seven people were killed in that attack.

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Internacionales

Clashes erupt during may day protests across France amid calls for better wages

May Day protests in France were marked by a heavy police presence and clashes between demonstrators and law enforcement in several cities.

In Paris, Lyon, and Nantes, thousands took to the streets to demand better wages, fairer working conditions, and to voice their dissatisfaction with President Emmanuel Macron’s government.

While the majority of the demonstrations remained peaceful, isolated confrontations broke out in some areas. Protesters threw objects at the police, prompting the use of tear gas and resulting in several arrests.

Videos showing police crackdowns circulated widely on social media, drawing criticism from labor unions and human rights advocates, who denounced the authorities’ response to the protests.

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International

Kristi Noem credits Trump for mass migrant deportations by mexican president

U.S. Secretary of Homeland Security Kristi Noem claimed that Mexican President Claudia Sheinbaum has deported “more than half a million” migrants due to pressure from former President Donald Trump.

During a cabinet meeting highlighting the “achievements” of Trump’s administration in its first 100 days, Noem asserted that under the Republican leader’s influence, “Mexico has finally come to the table” to negotiate on migration and fentanyl trafficking.

“The president of Mexico told me she has returned just over half a million people before they reached our border,” Noem stated, criticizing media reports that suggest the Biden administration deported more migrants than Trump’s.

“I wish those deportations were counted,” Noem added, “because those people never made it to our border—she sent them back because you made her.” She went on to thank Trump: “They never made it here because they got the message—because you were so aggressive.”

Noem has made controversial claims about Sheinbaum in the past, prompting the Mexican leader to refute them.

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On April 1, Sheinbaum responded to one such statement by declaring, “The president answers to only one authority, and that is the people of Mexico,” after Noem said on Fox News that she gave Sheinbaum “a list of things Trump would like to see” and that Mexico’s actions would determine whether Trump granted tariff relief.

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