LATIN AMERICA

Photo Credit: Getty Images

Mexico's economy contracted for the first time in three years during the fourth quarter of 2024, according to official data released Thursday. The 0.6% GDP decline from the previous quarter, reported by INEGI, comes as the country anticipates potential tariffs from the US under President Donald Trump. This marks the first such downturn since 2021.

Photo Credit: Getty Images

Is Argentina turning the corner? Well, in November 2024, it certainly looked like it! For the first time in half a year, Argentina's economy managed to break the streak of negative growth, posting a modest 0.1% year-on-year expansion. If that sounds like a small number, that's because it is—almost as small as a grain of rice—but hey, after months of decline, even a tiny uptick feels like a victory.

Photo Credit: Getty Images

Brazil, Argentina, Uruguay and Paraguay are hoping to announce a blockbuster trade deal with the European Union at a regional summit Friday after a push by Brussels to get the long-delayed accord over the line. The deal between the 27-nation EU and the four founding members of South America's Mercosur bloc would create the world's biggest free trade zone. But it has been dogged by resistance by France -- especially its famously militant farmers, who fear it would bring unfair competition.

Photo Credit: Getty Images

A man in Mexico has been arrested by police in connection to the brutal murder of the mayor of the city of Chilpancingo last month. The killing of Alejandro Arcos, whose beheaded body was found just days after he had been sworn in as mayor, caused shock and revulsion in the violence-wracked state of Guerrero.

Photo Credit: Getty Images

Claudia Sheinbaum made history on October 1 as she was sworn in as Mexico's first female president. The symbolic passing of the presidential sash marked a momentous occasion in the country's more than 200 years of modern history. As the former mayor of Mexico City, Sheinbaum's rise to the nation's highest office is a testament to her long-standing political career, and she wasted no time in setting forth her ambitious vision for the country.