Latin America's Gross Domestic Product (GDP) will likely fall by 8.1 percent this year, according to the International Monetary Fund's World Economic Outlook.
The Deferred Action for Parental Accountability (DAPA) program, created by President Barack Obama's immigration executive action in November 2014, could provide more than 20,000 new jobs, per year for the next decade.
Americans' view of the U.S. economy appears to be increasing in positive territory, coincidentally as news about the country's economy further improving.
The Congressional Budget Office, providing nonpartisan analysis for Congress, predicted U.S. GDP will increase by 1.5 percent by the end of 2014, and Speaker of the House John Boehner, R-Ohio, used the news to criticize Democrats and the Obama administration.
Uruguay President Jose Mujica pade a visit to the White House on Monday and sat down with President Barack Obama to discuss the cultural and economic ties between the U.S. and South America.
Brazil, Russia, India, China and South Africa are five countries that comprise BRICS, a network of nations with major emerging national economies. These newly industrialized countries set themselves apart with their budding nominal growth, and their great influence on global and local affairs. Also G-20 members (group of 20 finance ministers and central bank governor from 20 major economies), the five countries represent an estimated $4 trillion (US) in foreign reserves and a combined grossed domestic product (GDP) of $16.039 trillion (US).
