News of crisis

10,000 firms closed, 265,000 registered jobs lost since November

26-08-2024 16:21 Larger firms with more than 500 workers suffered the most and were responsible for the majority of lay-offs, says CEPA report.

Mondino faces virtual paralysis of Argentina’s diplomatic corps

21-08-2024 12:48 Union grouping Foreign Service employees launches strike action to press a series of pay demands. Government’s restoration of income tax has a heavy impact on the salaries of those representing the country abroad.

by Pablo Varela

Industry falls off cliff as activity slumps 14% year-on-year

17-07-2024 14:04 Report by UIA Argentine Industrial Union shows a year-to-year collapse of 14% in May.

by Martín Fernández Nadale

Crisis creating 300 more homeless each month in Buenos Aires City

17-07-2024 06:57 The number of people sleeping rough in the nation’s capital is rising by 10% a month, according to Buenos Aires City Security Minister Waldo Wolff.

by Ramón Indart

330,000 porteños have dropped out of middle class in last eight years

15-05-2024 16:26 Shrinking middle class in Buenos Aires is explained by a "generalised decline affecting all social sectors, even the wealthiest," concludes new CEM report.

Book Fair attendance down 10% amid economic crisis

13-05-2024 15:47 Just over 1.1 million people visit La Rural exhibition centre for Feria del Libro – drop of almost 10% on last year.

President Milei cuts short international trip over Mideast crisis

13-04-2024 21:56 President Javier Milei is ending his international trip early to handle his country's response to the crisis in the Middle East.

'We will be a tsunami' – Green tide fills streets surrounding Congress on 8M

09-03-2024 19:48 Thousands of women of all ages demonstrated near Congress to make their slogans against sexist violence heard.

by Sabrina Chemen

Multiple demonstrations in Argentina to claim food aid

23-02-2024 17:49 Thousands of people marched on Friday across cities in Argentina to demand extra ood aid for soup kitchens and to reject severe austerity policies.

‘Comedores’ in crisis: Emergency food aid at risk from cuts

15-02-2024 16:30 Milei government’s move to suspend aid to soup kitchens and introduce a new system to ‘cut out the middleman’ damages emergency food assistance efforts.

by Agustina Bordigoni

In danger of extinction? Middle class slammed by crisis and austerity measures

16-01-2024 17:16 The removal of subsidies, rising rent and the increased costs of prepaid healthcare schemes and private schools are slamming the middle class, specialists warn. March will be a difficult month with the start of classes and the billing of basic public services shooting up.

by Agustina Bordigoni

Tenants in Buenos Aires 'desperate' amid inflation and housing crisis

15-01-2024 15:09 Argentina's housing crisis, set against a backdrop of 211% inflation per annum, with rent charges soaring and prices increasingly set in dollars, is leaving tenants feeling helpless.

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.

Ex-Soros partner surfs Argentine crisis with real-estate empire

03-10-2023 12:43 Eduardo Elsztain avoided speculative investments in stocks, bonds and derivatives as he built up his empire over the last 30 years. Now his real-estate company IRSA Inversiones y Representaciones is booming, even as Argentina enters recession.

Inflation woes reach book publishers as the price of paper surges

27-05-2023 06:31 Small publishers at the Buenos Aires International Book Fair discuss the challenges of coping with runaway inflation; Resistant readers help literary houses to survive crisis.

by Api Dhadda

April showers bring no May flowers

20-05-2023 07:00 There can be no doubt that inflation is public enemy number one.

Bucking the trend or a new weight for the peso?

29-04-2023 05:41 The giddy oscillations of parallel exchange rates and the relentless acceleration of prices are moving too fast to leave any margin for gradualism, thus making shock treatment inevitable.

Argentina cracks as peso plunge raises risk of messy devaluation

28-04-2023 12:39 Argentina is moving closer to a breaking point as the government’s desperate measures fail to halt a plunge in the peso, raising the risk of a currency devaluation.

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.

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.