News of economic

Why Donald Trump and Javier Milei are worlds apart on austerity

04-12-2024 12:25 Donald Trump and Javier Milei have a shared favour of theatrics, but it does not reflect their economic strategies in vastly different contexts – the Argentine enforcing radical austerity and Trump preferring tax cuts and tariffs.

Milei to return to Italy this month, plans second trip to Davos

03-12-2024 17:37 President will travel to the Italian capital to attend the Atreju festival organised by Italian leader's party, Fratelli d'Italia. He also plans to attend January's World Economic Forum in Davos.

IMF casts doubt over Milei administration’s inflation estimate

22-10-2024 12:38 The International Monetary Fund estimates Argentina’s inflation rate in 2025 will hit 45%, a significant variation from the 18% projected by Javier Milei’s government in its budget bill.

How economic and strategic alliances are changing in a multipolar world

12-10-2024 06:23 A guide to the new fault lines of geopolitics — from BRICS versus the G7 to Lula and Milei’s ideological rivalry in Latin America.

Poverty soars past 50% in Argentina as Milei austerity hits hard

26-09-2024 17:12 About 52.9% of Argentines were mired below the poverty line in the first half of the year, up from 41.7% in the second half of 2023.

Economy grew more than expected in July under Milei

25-09-2024 22:28 Argentina’s economy posted a larger-than-expected upturn in July, a promising sign for President Javier Milei.

Argentina's recession deepened as Milei shock therapy stung

19-09-2024 00:34 Economy sunk deeper into recession in second quarter as ripple effects from currency devaluation and austerity exacerbated a downturn. 

Headline figures from Milei government’s 2025 Budget

16-09-2024 12:17 Argentina’s Economy Ministry publishes its forecasts for the coming year: 5% growth, 1,207 pesos a dollar and 18.3% inflation.

55% of Argentina’s population below poverty line, says UCA body

05-09-2024 08:53 Extreme poverty affected 17.5% of people in first half of 2024, reports private observatory from the Catholic University of Argentina (UCA).

Argentina's OECD ascension bid is 'marathon, not sprint,' says top official

31-08-2024 09:15 Argentina should be ready to file a self-assessment paper by the end of the yer, says Organisation for Economic Cooperation and Development chief Mathias Cormann.

UNICEF: 1.5 million children miss a meal each day in Argentina

14-08-2024 14:50 According to the UN children’s agency, 4.5 million adults in Argentina struggle to cannot come up with all meals either as a consequence of economic difficulties.

Milei praises Chile’s economic policy during ‘unofficial’ visit to Santiago

09-08-2024 16:10 President Javier Milei praises Chile’s longstanding economic policies and avoids criticising Gabriel Boric during brief visit to Argentina's neighbour.

Social indicators cast doubt over Milei's 'catastrophe' averted claim

04-07-2024 13:09 President Javier Milei recently stated that the government’s social policy is “extremely good” and it had help prevent a “catastrophe.” Yet the government's own data and reports produced by private institutions indicate most social indicators have recorded a step backwards since he took office.

by Agustina Bordigoni

Economy extended downturn in April amid Milei’s cuts

29-06-2024 13:09 Economy slumped slightly in April, marking four of the last five months in decline since President Javier Milei took office.

Argentina to move real rates to positive territory, IMF says

17-06-2024 14:57 IMF expects Argentina to take real interest rates into positive territory and ease currency controls in coming months.

IMF downgrades Argentina's economic outlook for 2024

17-06-2024 12:39 International Monetary Fund downgrades estimate, forecasting that the economy will contract by 3.5% this year.

Inflation cools for fourth straight month

14-05-2024 17:00 Monthly inflation in Argentina slowed in April for the fourth straight month, dropping into single-digit territory for the first time in Javier Milei’s Presidency. 

Monthly inflation slows to single digit: 8.8% in April

14-05-2024 16:13 Inflation dropped below 9% in April, reveals INDEC; Boost for Milei government but cost of living still rose 65% in the first four months of the year and totals 289.4% over the last 12 months.

Milei’s team sees inflation slowing faster than economist survey

24-04-2024 12:04 President Javier Milei’s economic team sees monthly inflation slowing much faster this year than analysts anticipate.

Economy slumped for fourth straight month in February

23-04-2024 20:18 Economic activity fell 3.2% in February from a year ago, a fourth straight monthly decline. On a monthly basis, activity declined 0.2%, according to government data.