Bloomberg Inflation near 300% wipes out tourists’ deep discounts 13-04-2024 17:13 Surging inflation threatens to crimp a key source of tourism revenue as foreigners opt for other destinations.
POLITICS & ECONOMY Milei to cut 70,000 state jobs, boasting of chainsaw austerity 26-03-2024 22:29 President plans to fire 70,000 government workers in the coming months, he confirms in speech to IEFA Latam Forum in Buenos Aires.
ECONOMIC WOES Suffering middle class continues to shrink under Milei 20-03-2024 13:44 Argentina's middle class is vanishing: amid fierce austerity, more and more people cannot afford schooling or medicine, even those holding down two jobs.
INFLATION WOES Price hikes soar with a vengeance in inflation-weary Argentina 15-12-2023 14:24 Experts warn of ‘inflationary shock’ in wake of Javier Milei’s first measures; Milei could pay the price for pushing correction onto citizens and not the “political caste,” as promised. by Justin Martinez
Living with inflation 'We have to endure' - Argentines stoic as prices skyrocket 14-12-2023 14:17 Argentines, while worried about the future, appear resigned to a fate Javier Milei warned them of when he took to the campaign trail.
Agriculture Crops get cheaper on Argentine currency plunge 13-12-2023 23:14 Prices for grains slid after Argentina, a major supplier, devalued its currency in a move that could encourage farmers to sell more of their crops into global markets.
BLOOMBERG – ANALYSIS ‘There is no money’: Argentina begins economic shock remedy 13-12-2023 11:41 Measures include 54% peso devaluation, additional 2% a month; Plan seen as step in the right direction, perhaps insufficient by traders.
EMERGENCY MEASURES The 10 ‘emergency economic measures’ announced by Caputo 12-12-2023 21:42 Economy Minister Luis Caputo announced the devaluation of the peso by over 50 percent to the dollar, as Javier Milei's new government seeks to tackle the country's deep economic woes.
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.
PRESIDENT MILEI Argentina rally put to test as challenges await Milei 09-12-2023 08:47 Investors’ giddiness with Argentina will be put to the test as Javier Milei takes over on Sunday.
DEVALUATION FEARS Investors bet on 44% peso devaluation after Milei’s debut 06-12-2023 15:05 Investors are preparing for a 44% devaluation of the country’s official exchange rate after Javier Milei’s inauguration.
DEVALUATION Argentina begins daily micro-devaluations, days from run-off 16-11-2023 12:36 Four days out from the presidential run-off, Argentina's Central Bank begins micro devaluations of the peso.
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.
DEVALUATION FEARS Currency fears stall sales of toilet paper, car parts 19-10-2023 13:19 Some firms suspend sales ahead of Sunday's presidential election; Fears of another devaluation are running high as the October 22 vote nears.
ECONOMIC INDICATORS Argentina's economy grew in July despite recession on horizon 27-09-2023 13:02 Argentina's economy broke a four month streak of decline in July, beating estimates and growing at 2.4%.
ECONOMIC INDICATORS Argentina's monthly inflation surges to 12.4%, worst since 1991 13-09-2023 19:56 Consumer prices rose 12.4% in August from July, the highest monthly increase since 1991 when the country was exiting hyperinflation.
CROSS-BORDER SHOPPING Border-crossing Uruguayans enjoy bargain shopping in Argentina 11-09-2023 07:42 Faced with the constant devaluation of Argentina's peso, thousands of Uruguayans cross bridges to the neighbouring country every day to take advantage of cheaper goods and services.
ECONOMIC INDICATORS Inflation in Buenos Aires City reached 10.8% in August 07-09-2023 17:06 Price increases jump double-digits after devaluation of peso; Hikes total 127.3% over last 12 months; Consultancy firm forecasts 130% inflation nationwide in 2024.
Living with inflation The Odyssey: Making it to the end of the month amid runaway prices 07-09-2023 12:56 Six Argentines share tips on living with inflation and coping with escalating prices. Recipes for trying to reach the end of the month are very varied, ranging from cutting back on car insurance, not buying clothes, wrapping up to save on gas or disposing of assets to cover debts. Many employees, including skilled workers, don’t manage to reach the end of the month, or at least not without taking on a little debt. by Agustina Bordigoni
MASSA TO STAY ON Government lines up behind Massa ahead of new measures 17-08-2023 19:45 Government lines up behind economy minister as he prepares new measures to ease devaluation.
PASO REACTION Argentina seeks larger IMF disbursement after 18% devaluation 14-08-2023 22:16 Argentina intends to ask the International Monetary Fund to increase a disbursement planned for later this month by an unspecified amount
PASO REACTION Out of options and money, Argentina presses the panic button 14-08-2023 22:09 After years of trying to avoid a currency devaluation that would add to soaring inflation and reduce its popularity with voters, Argentina's government has finally pushed the panic button.
REACTION TO PRIMARIES IMF sets date for disbursements, backs devaluation 14-08-2023 21:59 International Monetary Fund backs Argentina's devaluation of peso and raising of benchmark interest rates; Spokesperson confirmes August 23 meeting to approve release of funds.
Bloomberg Massa wins Greylock’s blessing in bid to save Argentina's economy 09-08-2023 14:52 Argentina’s inflation surged under Massa – Greylock sees him as best to save the economy.
2023 election Traders go to US for Argentina stocks to hedge election bet 02-08-2023 13:53 Investors are cautiously looking at US-listed shares of Latin American companies with operations in Argentina, anticipating benefits from market-friendly policies after this year's elections, but refraining from direct investment until long-term stability is established.
Economy Fernández rejects devaluation rumours, asks Massa to stay until year-end 19-07-2023 13:22 Argentina's President Alberto Fernandez cautioned against a sharp currency devaluation due to the country's dollar shortage, while concerns of hyperinflation ahead of the upcoming elections.
BLOOMBERG – FEATURE 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.
MARKET RUMOURS Argentina brokerage apologises after spreading devaluation rumour 22-04-2023 18:26 Brokerage firm Max Capital Valores said it “deeply regretted” spreading misinformation over a currency devaluation of the nation’s official exchange rate.
FINANCIAL TURBULENCE Massa rejects devaluation speculation as peso sinks 22-04-2023 08:13 Revealing WhatsApp message from Economy Minister Sergio Massa denies market speculation about president's imminent resignation and potential currency devaluation.
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.
Bloomberg Argentina’s black-market peso hits record as crisis mounts 20-07-2022 15:31 The unofficial Argentine peso has dropped to a historic low this Tuesday, which has exacerbated the crisis provoked by the resignation of former Economy minister Martín Guzmán earlier this month.
BLOOMBERG – ANALYSIS Three signs show that Argentina is heading to a devaluation 29-06-2022 22:02 Need to increase the monetary base to meet payments on peso debts and finance spending, plus a drop in agricultural exports and an increase in energy imports, all spell trouble for Argentina's currency.