Inflation Rises Inflation hit 94.8% in 2022, highest rate in 32 years 12-01-2023 17:34 INDEC reveals that prices increased by 5.1% in December, continuing the general downward trend but accelerating slightly from the preceding month.
Politics in Venezuela Venezuelan opposition dissolves Guaido's 'interim government' 31-12-2022 09:08 Venezuelan opposition on Friday dissolved the "interim government" led by Juan Guaidó, once the popular and internationally recognized face of the drive to oust leftist leader Nicolas Maduro.
EXCHANGE MARKET Argentina’s black-market peso slumps to record ahead of holidays 29-12-2022 15:33 Argentina's black market exchange rate plunged to a record low this week, with the blue dollar hitting 357 pesos per greenback.
Political crisis in Venezuela Decision on future of Venezuela's opposition 'government' postponed 29-12-2022 14:14 Venezuelan opposition leader Juan Guaidó puts off decision on whether his "interim government" should be dissolved.
NEW YEAR APPROACHES World economy faces more pain in 2023 after a gloomy year 27-12-2022 09:56 International Monetary Fund expects the world economy to expand in 2023, with growth of 2.7%. The OECD is forecasting 2.2% growth.
Bloomberg World Cup win could bring GDP boost to France or Argentina 16-12-2022 14:26 Argentina is better placed than France to reap the economic benefit that typically comes from winning the World Cup, says one academic.
FOREIGN POLICY Peru political crisis threatens to widen Latin America rifts 15-12-2022 16:40 President Dina Boluarte's administration says it has received the backing of governments in Chile, Ecuador, Uruguay and Costa Rica, underlining split over Peru's political crisis in the region.
POLITICAL CRISIS IN PERU Mexico, Argentina, Colombia slam Peru’s treatment of Castillo 14-12-2022 10:30 Mexico, Argentina and Colombia throw support behind Pedro Castillo, Peruvian leader impeached last week, adding a new twist to the crisis that has paralyzed swathes of the country and left several protesters dead.
Political relativity Time slows down in the Argentina of the Fernandezes, Massa & Macri 12-11-2022 07:09 Over the last few months, it’s felt as if time has slowed down in Argentina, once again. by Agustino Fontevecchia
As I see it Time is fast running out 12-11-2022 07:04 Argentina’s unhappy plight owes much to the ruling class’s strong adherence to the fixed-term political system which is enshrined in the Constitution. by James Neilson
EDITORIAL Storms amid a drought 12-11-2022 06:17 In the context of a lethal global cocktail being compounded by so many urgent socio-economic problems here, it seems incredibly absurd that judicial issues should continue to dominate the local political agenda.
As I see it Getting ready for hard times 29-10-2022 06:00 The long-predicted but frequently postponed crack-up seems to have arrived. by James Neilson
BRITISH POLITICS Challenges await new UK PM Sunak, fifth Tory leader in six years 27-10-2022 15:20 Arrival of 42-year-old in office, youngest PM of modern times, cheers up Conservatives – but Labour senses weakness.
BRITISH POLITICS Sunak names team of familiar faces to steer UK through crisis 27-10-2022 02:29 Prime Minister Rishi Sunak named an experienced Cabinet to lead the UK through what he called a “profound economic crisis,” only to face immediate criticism for reappointing a series of scandal-hit former ministers to senior government jobs.
BRITISH POLITICS Incoming PM Sunak inherits UK economy in crisis 24-10-2022 14:31 Britain's next leader inherits a UK economy that was headed for recession even before the recent turmoil triggered by Liz Truss.
BLOOMBERG – ANALYSIS British pound collapse erodes international trust in UK 28-09-2022 23:41 The UK thought it had the trust of markets — until it didn’t. Now homeowners and businesses will likely have to pay the price.
PROFILE Liz Truss's political 'journey' reaches Downing Street 08-09-2022 01:25 The UK's new prime minister, Liz Truss, takes power as a traditional, low-tax Conservative eurosceptic promising to turbo-charge economic growth. Her position is the polar opposite of how she started out.
British politics New UK PM Truss promises to ride out economic storm 08-09-2022 01:01 Incoming British Prime Minister Liz Truss begins to set out plan to tackle soaring energy bills, as she tries to head off intense pressure of a cost-of-living crisis.
INTERVIEW / PERIODISMO PURO Eduardo Levy Yeyati: ‘Devaluation is political kryptonite’ 02-09-2022 12:00 Economist, public policy specialist and dean of the Government School of Torcuato Di Tella University Eduardo Levy Yeyati on the challenges facing Sergio Massa and Argentina’s economy. by Jorge Fontevecchia
Food Security Wind blows in favour of Argentina’s GM crops 24-08-2022 15:18 Genetically modified crops, which have for years been heavily criticised by environmentalists, are benefitting from new technological developments and health and safety approvals overseas.
Deposit decline Argentines withdraw US$1 billion from bank accounts amid turmoil 23-08-2022 21:23 More than US$1 billion of dollar deposits have been withdrawn since former economy minister Martín Guzmán resigned in July.
EDITORIAL Biting (or braving) the bullet 19-08-2022 13:24 The renunciation of populist utility bill freezes should be hailed. The Frente de Todos government is at least knocking on the door of the real world even if it has yet to make an entrance.
Global energy crisis Rich countries gobble up fuel while poorer nations stuck with brewing unrest 19-08-2022 12:03 Governments across the developing world are struggling to keep energy flowing to citizens frustrated by rising prices, as tight supplies and weaker currencies put some sources out of reach.
EDITORIAL Credibility gap the widest of all 13-08-2022 06:52 Massa is widely assumed to model his ambitions on Brazil’s Fernando Henrique Cardoso but even subordinating all else to that goal does not automatically make his policies more predictable.
Economic Indicators Inflation hit 7.4% in July – highest monthly rate since April 2002 11-08-2022 19:11 Official data reveals prices in Argentina up 71% over the last 12 months; prices have surged by 46.2% so far this year according to INDEC.
Bloomberg Argentina is running out of cash to stave off devaluation 02-08-2022 18:10 Argentina teeters on the precipice of severe financial crisis. Peso devaluation looms, with potential for hyperinflation.
Evita Argentina pays tribute to icon Eva Peron on 70th anniversary of death 27-07-2022 16:33 Argentina celebrated Eva Peròn on the 70th anniversary of her premature death this week, despite continued economic crises.
latin america Guatemala president warns millions could die as visits Ukraine 26-07-2022 16:34 Guatemalan president warns of potential deaths from “food crisis” caused by Russian invasion, in Ukraine visit.
SUPREME COURT Cristina at it again with her own VAR against judiciary 25-07-2022 17:41 Vice-President blasts Supreme Court for convicting her in advance and compounding economic crisis, presidential defence.
As I see it Ports in a storm 25-07-2022 15:56 Why is Boris Johnson out of office, but Alberto Fernández clings on? The simplest answer to that question lies in the difference between parliamentary and presidential democracy. by James Neilson
ECONOMIC CRISIS Inflation hits 64% year-on-year, analysts fear worse yet to come 14-07-2022 19:05 No respite from price hikes in Argentina: Inflation hit 5.3% in June, increases totalled 36.2% in first half of this year.
ANALYSIS Argentina’s economic signals need stronger backing, analysts say 13-07-2022 12:28 Analysts say moderate, prudent policy signals that Economy Minister Silvina Batakis announced Monday lack political support, face execution risks and won’t fix the country’s structural problems.
Markets Argentine debt plumbs new depths as political tensions mount 11-07-2022 15:43 Even by the standards of Argentina’s debt crisis and default of 2020, the nation’s sovereign bonds are now trading at unprecedented lows.
As I see it Drifting towards a black hole 09-07-2022 07:30 Hyperinflation looms; Argentina is flat broke, but the people who wield most political power think the only way to solve problems is to throw freshly-printed money at them. by James Neilson
EDITORIAL Leaps in the dark 09-07-2022 06:00 Always subordinating economic policy to electoral strategy in classic populist style, Cristina Fernández de Kirchner seems convinced that a 2023 election irretrievably lost with Martín Guzmán’s IMF orientation can be turned around with an extreme transformation.
Another week in Argentina Resignation, transition, succession: Inside Guzmán's last days and Batakis' first 08-07-2022 09:48 The economy minister’s decision to step down, the reaction to it and how the government found a replacement – inside a momentous week in Argentina. by Juan Luis González
LIVING IN CRISIS Nervous buying and price hikes in Argentina amid inflation fears 07-07-2022 23:49 Economic turmoil has provoked a wave of fear, triggering a surge in the value of the dollar on Argentina's parallel exchange markets and a sharp rise in prices.
FINANCIAL TURBULENCE Argentina's bonds, currency plunge on Batakis' first day in office 05-07-2022 17:04 Argentina’s global bonds fell the most since they were issued nearly two years ago as Silvina Batakis assumes office.
NEW MINISTER SWORN-IN Batakis sends message to markets as she’s sworn-in as economy minister 04-07-2022 22:17 Argentina’s new economy minister Silvina Batakis says she believes in “fiscal balance” and says Argentina needs “more exports” and to “revalue our currency.” Vowing to talk to the IMF soon, she says that the government's segmentation plan to alter subsidies for public utilities will continue.
Bloomberg Batakis takes reins of Argentina’s economy as markets tumble 04-07-2022 21:34 Silvina Batakis declares that she "believes in fiscal balance" as she is sworn-in as economy minister.
BLOOMBERG Analysts: Argentina's IMF deal at risk with new economy minister 04-07-2022 15:08 Analysts say Argentina's US$44-billion programme with the International Monetary Fund may be in jeopardy after President Alberto Fernández chose leftist economist Silvina Batakis as the country's new economy minister.
BLOOMBERG Argentina’s black market peso sinks on economy minister shake-up 04-07-2022 14:16 Argentina’s black market exchange rate tumbled on Monday after left-leaning economist Silvina Batakis was appointed as the new economy minister.
New minister named Fernández and CFK chose Silvina Batakis as Argentina's new economy minister 03-07-2022 22:55 After lengthy negotiations at the Olivos presidential residence, President Alberto Fernández appoints Silvina Batakis to replace Martín Guzmán, who resigned amid a crisis in the ruling Frente de Todos coalition.
AND THAT REMINDS ME… Crisis, more than a middle name 02-07-2022 07:00 Few keywords have been more constant throughout my 34 years of newsroom experience than “crisis.” by Michael Soltys
Currency crisis The fateful 30th month of the Fernández-Fernández administration 02-07-2022 07:00 President Alberto Fernández has been hit by a crippling run on the peso that has stretched out over several weeks during the 30th month of his Presidency, as an exhausted economic model has failed to generate confidence and Central Bank reserves. by Agustino Fontevecchia
EDITORIAL Muddling and meddling in the middle of the year 02-07-2022 07:00 If 1974 saw the death of the founder of the Peronist movement 48 years ago yesterday, the current head is looking hardly more alive politically – and far more nominal in his authority.
LIVING WITH CRISIS Argentina remains hooked on ‘dollar-dependence’ 30-06-2022 00:37 Argentines do their accounts in dollars, traumatised by recurrent economic crises and tormented by the inflation that is eating away at their pockets and is projected to exceed 60% this year.
BLOOMBERG Default jitters mount in Argentina as local yields top 70% 27-06-2022 13:12 Two years after Argentina emerged from its latest default, a debt crisis in brewing once again.
Education Crisis Report: Latin America's children lost more than a year's learning due to pandemic 05-06-2022 14:02 Children who have returned to school in Latin America after closures imposed due to the coronavirus pandemic have lost between 1 and 1.8 years of learning, according to a new World Bank report.
Climate Crisis Billionaires promote CO2-removing schemes to protect climate 24-05-2022 15:41 CO2 removal is a necessary weapon in the battle to stop global heating accelerating beyond a point of no return; technology to do so remains prohibitively expensive and must be ramped up significantly, as the world emits 40 billion tonnes of CO2 each year.