Temer announces tough austerity measures

Brazil's interim president announced austerity measures aimed at pulling LatAm's largest economy from its worst crisis in decades, warning that a failure to act would sentence future generations to “extraordinary hardship.”

In El Salvador the gangs cost 16% of GDP

The country’s gangs specialise in extortion. But they may be branching out. Salvadoreans pay $756m a year, about 3% of GDP, to gangs, according to a study by the country’s central bank and the UN Development Programme.