INSUBCONTINENT EXCLUSIVE:
typically led by cities in Asia and Europe
Notably, the consulting firm Mercer released these findings.Globally, Asian cities like Hong Kong and Singapore top the list
They are closely followed by Swiss cities such as Zurich and Geneva, which are celebrated for their superior quality of life.New York and
London also appear high on the global expense list
Interestingly, Nassau ranks as the tenth most expensive city worldwide, with Los Angeles trailing behind.Within the region, Nassau ranks
(Photo Internet reproduction)Mercer evaluates costs for household items, personal care, clothing, home services, utilities, dining, and
significant impact on multinational companies and their employees.She noted that high costs might compel expatriates to alter their
lifestyles and cut discretionary spending.Inflation and currency fluctuations impact wages and savings
Economic and geopolitical volatility, along with local crises, have escalated costs for housing, utilities, taxes, and education.Zulma
maintaining the purchasing power of relocated employees.In Latin America, Paraguay is the most affordable country, with basic living costs
around $446 monthly, excluding rent.Argentina and Bolivia follow closely, with costs at $469 and $481, respectively
Other countries like Peru, Colombia, and Ecuador also offer low living costs.Countries such as Guatemala, El Salvador, and Honduras have
slightly higher living costs.Meanwhile, Chile, Mexico, Panama, Costa Rica, and Uruguay are among the most expensive.The International
Monetary Fund predicts that inflation in the region will hit 16.7% in 2024, a rise from previous years.However, it is expected to decrease
to 7.7% by 2025 and stabilize at 3.6% by 2029.Significant price variations are evident across the region
For instance, Venezuela might see inflation at 160%, while Argentina could experience 149.4%.On the other hand, countries like Uruguay,
Colombia, and Mexico anticipate much lower rates.
