ECONOMIC INDICATORS Inflation slowed to 11% in March, annual rate hits 287% 12-04-2024 16:56 Consumer price hikes continue to slow, but remain in double digits. Education records highest increases, rising 52.7 percent as increases as new school year begins.
BLOOMBERG - ANALYSIS Monthly inflation slowed more than expected in March 12-04-2024 16:35 Monthly inflation in Argentina slowed more than expected in March, cooling for the third straight month.
ECONOMIC INDICATORS UNICEF: 7 out of 10 children live in poverty in Argentina 12-03-2024 17:16 Approximately 8.6 million kids under the age of 18 live in low-income households or in environments where they are deprived of their rights, reports local branch of UN agency dedicated to children.
ECONOMIC INDICATORS Spending plunges at shops with Milei cuts hitting hard 04-03-2024 15:48 Spending at small- and medium-size businesses — Argentina’s largest sector of employment — plunged 25.5 percent in February from a year ago, the third straight month of double-digit losses.
ANALYSIS Economy shrank in December by most since pandemic 22-02-2024 21:14 Argentina’s economy contracted in December by the most since the peak of the Covid-19 pandemic.
ECONOMIC INDICATORS Economic activity in Argentina fell 1.6% in 2023, reveals INDEC 22-02-2024 20:36 Economic activity in Argentina dropped 1.6% last year with a 4.5% contraction in December compared to the last month of 2022.
ECONOMIC INDICATORS Argentina sees first monthly budget surplus in 12 years 18-02-2024 11:46 Argentina recorded first monthly budget surplus in nearly 12 years in January, the Economy Ministry says in a statement.
ECONOMIC INDICATORS Poverty hit 20-year high of 57.4% in January, says UCA body 18-02-2024 10:21 Prestigious UCA Social Debt Observatory says poverty is at 20-year high: 57.4%, equivalent to 27 million people, are now considered poor in Argentina. Extreme poverty affects 15%, some seven million people. by Gonzalo Martínez
ECONOMIC POLICY Milei sets June deadline for lifting of capital controls 08-02-2024 06:24 Casa Rosada has a list of conditions required and assures that the dollar can be kept to around 1,000 pesos.
ECONOMIC INDICATORS Inflation in Buenos Aires City hit 21.7% in January 07-02-2024 17:41 City Hall government data shows that consumer prices have increased by more than 238% over the last 12 months and accelerated last month.
ECONOMIC OUTLOOK OECD: Argentina's inflation rate to soar to 250% this year 05-02-2024 10:02 Annual inflation rate expected to skyrocket to 250.6% in 2024, forecasts Organisation for Economic Cooperation and Development.
IMF DEBT PROGRAMME IMF authorises US$4.7 billion loan tranche, says Milei will remove currency controls 01-02-2024 18:25 International Monetary Fund signs off on fresh loan disbursement and reveals Argentina will lift currency controls this year – though it warns political and social unrest may lie ahead.
BLOOMBERG - ANALYSIS IMF sharply cuts Argentina’s growth forecast on Milei’s plan 30-01-2024 19:14 The government’s push to cut down on spending is “absolutely needed” to rein in inflation, which the IMF estimates will slow down to near 150 percent a year by December.
ECONOMIC OUTLOOK IMF cuts Argentina 2024 growth forecast, forecasts 2.8% contraction 30-01-2024 15:55 Multilateral lender warns that inflation is expected to increase in the short term, projecting growth of minus 2.8 percent this year and plus five percent in 2025.
ECONOMIC INDICATORS Economy posted mild contraction amid run-off election 23-01-2024 22:40 Economic activity in November fell 1.4% from October, according to government data. From the same month a year earlier, activity fell 0.9%.
BLOOMBERG - OPINION JP Spinetto: Milei’s unapologetic defence of capitalism missed a key point 20-01-2024 08:48 What masters of the universe in Davos most wanted and needed to hear were his concrete plans to take Argentina out of its chronic malaise. They were left wanting.
EDITORIAL More holes than a Swiss cheese? 20-01-2024 06:57 No matter the distance from home, Argentine leaders always seem to be speaking to domestic galleries when addressing international audiences.
As I see it Milei goes to the Magic Mountain 20-01-2024 06:53 What goes down splendidly with teenagers in La Matanza does not necessarily appeal to fabulously wealthy individuals who could be persuaded to invest in Milei’s ambitious project. by James Neilson
FOREIGN POLICY & DIPLOMACY Malvinas, IMF on agenda as president meets UK foreign secretary 17-01-2024 19:59 Argentina’s libertarian leader meets with former UK prime minister David Cameron on the sidelines of the Davos summit – Malvinas and IMF support topped the agenda.
Milei @ Davos Milei calls abortion 'a tragedy' at Davos, attacks feminist movement 17-01-2024 19:55 President Javier Milei referred to the pro-choice movement as “the bloody abortion agenda” in a controversial speech at the Davos summit as he attacked feminist and progressive movements.
WORLD ECONOMIC FORUM ‘The West is in danger’ – Milei makes explosive debut on international scene 17-01-2024 11:59 Argentina’s president delivers speech straight from the campaign trail at Davos summit, criticising Western leaders for adopting “variants of collectivism” and turning their backs on the market; “The state is not the solution, the state is the problem," he declares.
IMF DEBT PROGRAMME President to meet Georgieva in Davos after winning IMF support 16-01-2024 09:09 President Javier Milei will meet International Monetary Fund Managing Director Kristalina Georgieva on Wednesday at the World Economic Forum in Davos, Switzerland.
POLITICS Instant democracy and turbo-politics in the age of Milei 13-01-2024 06:58 No-one can predict how long Javier Milei’s honeymoon period will last, but it does appear to be softening a bit. by Agustino Fontevecchia
ECONOMIC INDICATORS Inflation surpassed 211% in 2023, reveals INDEC 11-01-2024 16:45 Prices jumped 25.5% in December last year following devaluation of peso; Food prices soared an incredible 251.3% over the last 12 months, says statistics bureau.
ECONOMIC INDICATORS Inflation hit 211% in 2023, fastest gain in three decades 11-01-2024 16:27 Argentina ended 2023 with the fastest inflation in more than three decades as President Javier Milei started to unwind a thicket of currency controls and price freezes imposed by the previous administration.
ECONOMIC INDICATORS Brazil inflation ends 2023 above forecasts but within target 11-01-2024 13:07 Official data released Thursday showed consumer prices rose 4.62% in Brazil December from a year earlier.
ECONOMIC OUTLOOK World Bank forecasts 2.7% growth for Argentina in 2024 09-01-2024 16:46 Argentina’s economy likely contracted 2.5% last year, but will record growth of 2.7% in the coming 12 months, forecasts World Bank, which warns of “economic uncertainty” and continuing inflation.
DIPLOMACY & FOREIGN POLICY Davos guest-list confirmed with Milei, Blinken, Israeli president set to attend 09-01-2024 12:02 US Secretary of State Antony Blinken, Israeli President Isaac Herzog, French President Emmanuel Macron, Chinese Premier Li Qiang and Middle East leaders will also attend the event in Davos next week, as well as France
POLITICS – ANALYSIS The ‘right plan,’ the ‘only plan,’ or ‘no plan’? 06-01-2024 07:33 Either Milei is a daredevil convinced he’ll make it out alive, he has no choice and is winging it, or he’s got a couple of cards up his sleeve that we’re not seeing. by Agustino Fontevecchia
ECONOMIC OUTLOOK Five economic issues that will remain on the agenda in 2024 05-01-2024 14:18 Inflation at the start of the year, the official and unofficial exchange rate, employment, wages, poverty, the cepo, interest rates, the fiscal deficit and the IMF debt – just some of the issues that will dominate the next 12 months in Argentina. by Agustina Bordigoni
ECONOMIC INDICATORS Economy shrank less than forecast during election 21-12-2023 20:25 Argentina’s economy posted a slight contraction in October, falling 0.1% from a month earlier.
FOREIGN POLICY & DIPLOMACY Davos, Israel and maybe the Vatican – Milei draws up first foreign trips 14-12-2023 13:15 Local news outlets, citing La Libertad Avanza sources, report Argentina’s new President Javier Milei will attend the World Economic Forum in Switzerland. Trips to Israel, Ukraine and potentially the Vatican to visit Pope Francis also being considered.
ECONOMIC INDICATORS Milei kicks off government with 160.9% annual inflation rate 14-12-2023 00:41 Prices soared 12.8% in November, prior to the new president’s inauguration; Concerning increases for health, food and beverages, with dramatic post-devaluation uptick expected next month.
ECONOMIC INDICATORS Argentina November inflation quickened before Milei devaluation 13-12-2023 23:28 Consumer prices rose 12.8% in November from a month earlier, according to official data. From a year ago, inflation stands at 160.9%.
ECONOMIC MEASURES Four issues for Caputo to clarify: utilities and subsidies, pensions, tax, agricultural duties 13-12-2023 14:17 Argentina’s economy minister announced the first economic measures of Javier Milei’s new government on Tuesday – but did not provide details on a number of key moves.
NEW GOVERNMENT Government to roll out first crisis measures in evening broadcast 12-12-2023 09:53 Economy Minister Luis Caputo will deliver a recorded speech at 5pm Tuesday, in which he will outline emergency measures from President Javier Milei’s new government.
ECONOMIC INDICATORS Argentina’s poverty rate has risen to 44.7%, says UCA body 05-12-2023 23:12 Latest study by UCA’s social debt observatory says that without welfare programmes, poverty would affect 49% of the population; Extreme poverty has risen 9.6%, finds report.
ECONOMIC INDICATORS Record money-printing: 9.439 billion banknotes in circulation as Fernández leaves office 04-12-2023 18:01 The money moving around "the street" has gone up 80 percent in the last four years. On average there are currently 2,050 banknotes per inhabitant in circulation, none worth more than US$2 each.
ECONOMIC OUTLOOK OECD: Argentina should think about ‘effectiveness of its social spending’ 29-11-2023 12:22 OECD warns Argentina to assess "effectiveness of social spending" as it issues gloomy forecast for economy over next two years.
ECONOMIC OUTLOOK Economy sputters toward recession as Milei takes reins 23-11-2023 14:42 Argentina’s economy stalled after an August devaluation of the official peso rate, further llustrating the challenges ahead for the president-elect.
ECONOMIC OUTLOOK ‘First six months of 2024 are going to be terrible,’ says Argentine business leader 15-11-2023 22:41 Head of Cámara Argentina de Comercio offers ominous forecast for next government’s initial months in office and warns politicians must “do things properly" in what looks to be a “complex” year ahead.
Living with inflation Inflation hits new high before presidential run-off vote 13-11-2023 19:05 Inflation rate has hit 143%, just days before a presidential run-off election in which the state of the economy will be a deciding factor.
ECONOMIC INDICATORS Annual inflation hits 143% before election 13-11-2023 17:51 Inflation in Argentina accelerated last month to its highest annual level since the country was exiting hyperinflation more than three decades ago.
ECONOMIC INDICATORS Inflation slowed to 8.3% in October, prices up 142.7% year-on-year 13-11-2023 16:06 Inflation slowed in October to 8.3%, reports INDEC; Consumer prices in Argentina up 142.7% over the last 12 months.
CROSS-BORDER SHOPPING Uruguayans pile into Argentina to spend record US$1 billion 30-10-2023 11:11 Uruguayans are taking advantage of Argentina's deep economic crisis with food, vacations and shopping costing a fraction of the price back home.
ECONOMIC INDICATORS Economy grew again in August despite inflation spike 24-10-2023 21:54 Argentina’s economy expanded in August despite a steep currency devaluation that unleashed price spirals not seen in three decades.
BLOOMBERG – ANALYSIS Recession, inflation, devaluation: Economic troubles in 5 charts 19-10-2023 13:46 Argentina’s next president will take over in the middle of a financial emergency — which is par for the course in one of the world’s most dysfunctional economies.
ANALYSIS Inflation surges to 138% ahead of presidential election 12-10-2023 16:50 Inflation jumps to its highest level in three decades, underscoring the extent of the economic crisis that will confront the winner of the country’s presidential election.
Economic indicators Inflation hit 12.7% in September, annual rate soars to 138% 12-10-2023 16:16 Argentina's national statistics bureau reports that inflation reached 12.7% in September; Consumer prices have risen by 138.3% over the last 12 months and by more than 103% in just the first nine months of the year, according to government data.
ECONOMIC OUTLOOK Argentina’s economy to contract 2.5% this year, says IMF 10-10-2023 12:56 Latest forecast from International Monetary Fund foresees 121.7% inflation and 2.5% GDP shrinkage in 2023; Report predicts 2.8% growth in 2024.