News of economic

Economy grew more than expected in February

23-04-2025 22:47 Economic activity rose 5.7% in February year-on-year, reveals data from the INDEC national statistics bureau.

ECONOMY – ANALYSIS

Argentina inflation picks up more than expected before IMF deal

11-04-2025 17:28 President Javier Milei said recently he only expects inflation to fall below two percent in May or June, blaming the sticky inflation on political volatility.

ECONOMIC INDICATORS

INDEC reveals uptick in inflation: Prices up 3.7% in March

11-04-2025 16:25 Inflation soared in March, accelerating to 3.7% – a second straight monthly rise; Consumer prices up 55.9% over the past 12 months, by 8.6% so far this year.

BLOOMBERG - ANALYSIS

Poverty falls sharply as prices cool under Milei

31-03-2025 17:02 About 38.1% of Argentines fell under the poverty line in the second half of last year, according to government data published Monday.

ECONOMIC INDICATORS

Economy extended expansion as new IMF accord nears

19-03-2025 17:27 Gross domestic product expanded 1.4% in the three months through December, compared with the previous quarter.

ECONOMIC INDICATORS

Consumer prices rose 2.4% in February, reveals INDEC

14-03-2025 18:11 Inflation inches up, rising 0.2 points from 2.2% recorded previous month; Prices up 2.4% in first two months of year, by 66.9% over last 12 months.

INFLATION WOES

Brazil prices jump the most since 2022 in fresh blow to Lula

12-03-2025 11:53 Official data released Wednesday by Brazil's government showed consumer prices shot up 1.31% in February, the monthly biggest rise since March 2022.

ECONOMIC INDICATORS

Economy beat expectations again in December

25-02-2025 17:55 Economic activity rose 0.5% from November; From a year ago, the gross domestic product proxy grew 5.5%.

Editorial

A star is born(e)

25-01-2025 06:33 President Javier Milei returns home today from a stellar week abroad, but yet again Milei has wasted chances to promote overseas investment at an international forum.

ECONOMIC INDICATORS

Argentina's economy grew more than expected in November

23-01-2025 17:42 Economic activity rose 0.9% from October, according to INDEC data.

WORLD ECONOMIC FORuM

Milei praises Trump at Davos, but seeks deeper ties with China

22-01-2025 16:37 President indicates he has shifted stance on China, describing the nation as a "great trade partner," and showers praise on US President Donald Trump.

BLOOMBERG - ANALYSIS

Milei back in Davos after racking up victories in Argentina

21-01-2025 09:39 Argentina's president has achieved what few considered possible just a year ago. Will he be able to overcome even bigger challenges in 2025?

ECONOMIC INDICATORS

Argentina recorded record trade surplus in 2024

20-01-2025 22:48 Argentia recorded its biggest-ever trade surplus in 2024 – partly due to a drop in imports caused by recession.

ECONOMIC OUTLOOK

IMF projects strong economic growth for Milei's Argentina in 2025

17-01-2025 18:59 International Monetary Fund estimates that Argentina’s economy contracted by 2.8% last year, but projects five percent growth in the coming two years.

ECONOMY – ANALYSIS

Milei lowers peso crawling peg to 1% after inflation stabilises

14-01-2025 16:43 Monthly inflation continues to run near a four-year low, opening the door for first change to currency policy in more than a year.

ECONOMIC INDICATORS

INDEC reveals Argentina's 2024 inflation rate: 117.8%

14-01-2025 16:38 Annual inflation nosedives in boost for Milei; Prices rose 2.7% last month, reports INDEC; Bureau’s data shows inflation fell almost 94 points year-on-year.

ECONOMIC INDICATORS

Poverty affected 28.1% of portenos in Q3 2024

14-01-2025 14:40 Nearly 900,000 porteños were considered poor in the third quarter of 2024, according to City Hall statistics bureau.

ECONOMIC INDICATORS

City inflation accelerated slightly to 3.3% last month

09-01-2025 13:50 Consumer prices rose 3.3% last month due to increases in services; City Hall data shows that inflation over the last 12 months totalled 136.7% in 2024.

LATIN AMERICA

Between Milei and Lula, Paraguay finance chief eyes austere path

07-01-2025 12:32 Paraguay Finance Minister Carlos Fernández argues sustainable fiscal policy matters in a region exposed to international crisis.

ECONOMIC INDICATORS

Argentina's country risk rating falls to lowest level since 2018

06-01-2025 15:21 Argentina’s country risk rating falls to lowest level since August 2018.

International agenda

Trump’s inauguration and another Davos dash – Milei's upcoming trips

03-01-2025 14:13 Argentina's President Javier Milei will see in the New Year with two pivotal trips: a visit to Washington to attend Donald Trump's inauguration as US president and a second appearance at the World Economic Forum in Davos, Switzerland.

ECONOMIC INDICATORS

Economy expanded faster than expected in October

24-12-2024 06:52 Argentina’s economy expanded more than expected in October, according to official data.

WORLD ECONOMY

Five key points about the Panama Canal, now in Trump's sights

23-12-2024 21:42 President-elect Donald Trump has threatened to reclaim control of the Panama Canal unless toll prices for US ships are reduced, but local authorities rejects his claim.

Latin America

US deports co-founder of Escobar's Medellin Cartel to Colombia

23-12-2024 21:23 Fabio Ochoa Vásquez, founder of the Medellín Cartel, is deported to Colombia after serving over 20 years in a US prison for drug-trafficking.

End of the recession?

Economy rebounded in Q3 but activity remains below 2023 levels

17-12-2024 10:12 Argentina’s economy grew by 3.9% in the third quarter compared to the previous months, but fell 2.1% year-on-year. Recovery marked by uneven performance across sectors.

ECONOMIC INDICATORS

Argentina exited recession as Milei eyes growth before midterms

16-12-2024 21:22 Argentina emerged from a brutal recession in the third quarter; Gross domestic product expanded 3.9% from July to September compared to the previous three-month period, better than analysts’ expectations.

ECONOMIC INDICATORS

Inflation slowdown continues, decelerating to 2.4% in November

11-12-2024 16:08 Data from the INDEC national statistics bureau shows consumer prices increased by 2.4% last month, below the expectation of analysts and markets.

by James Grainger

ANALYSIS

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.

Foreign policy & diplomacy

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.

ECONOMIC INDICATORS

Purchasing power loss slumps to levels not seen since 2001 crisis

28-11-2024 00:06 Soaring utility bills and basic shopping-basket prices have eroded the capacity of families to buy everyday goods. Minimum wage has fallen 28% in terms of purchasing power over last 12 months, UBA report finds.

'Shock Therapy'

Clamour for pesos leads banks to tap repo market

23-10-2024 12:47 A surge in demand for local currency in recent months has left Argentina's commercial banks needing access to pesos.

Economic Recovery

Top private bank Galicia expects lending business to surge

23-10-2024 11:36 Galicia, Argentina’s largest private bank, is expecting loaning business to surge in the portfolio, a sign of what some say is economic recovery in Argentina.

ECONOMIC OUTLOOK

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.

OPINION & ANALYSIS

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.

ECONOMY – ANALYSIS

Argentina inflation slows to lowest under Milei

10-10-2024 16:36 Monthly inflation reached the lowest level since late 2021 in September – a significant win for President Javier Milei.

ECONOMIC INDICATORS

Monthly inflation slows to lowest level since November 2021

10-10-2024 16:17 Consumer prices rose 3.5% in September; Annual inflation now at 209%, with hikes of 101.6% so far this year.

by James Grainger

ECONOMIC INDICATORS

70% of workers in Argentina were earning under 550,000 pesos a month in June

08-10-2024 11:17 Seven out of every 10 households were earning less than a million pesos a month in June, according to INDEC data.

ECONOMY – ANALYSIS

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.

ECONOMIC INDICATORS

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.

ECONOMIC INDICATORS

Economic activity increased 1.7% between June and July, says INDEC

25-09-2024 22:28 Economic activity increased 1.7% between June and July, according to the INDEC national statistics bureau. However, it fell 1.3% in the year-on-year comparison.

ECONOMIC INDICATORS

Unemployment in Argentina affected 7.6% in Q2

20-09-2024 09:41 Report by INDEC national statistics bureau shows joblessness stayed in line with 7.7% recorded in first quarter, but rate is up from 6.2% seen in second quarter of 2023.

ECONOMIC INDICATORS

Economic activity slumped 3.4% in first half of 2024, reports INDEC

19-09-2024 00:48 Recession deepens with 1.7 percent contraction in second quarter of the year; Economic activity down 3.4% overall in first half of 2024.

ECONOMY – ANALYSIS

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.

economy

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.

ECONOMY – ANALYSIS

Argentina posts slightly higher than expected August inflation

11-09-2024 17:01 Argentina’s monthly inflation rose slightly above expectations in August, representing a setback for President Javier Milei.

ECONOMIC INDICATORS

Inflation rises slightly to monthly 4.2%, dashing government hopes

11-09-2024 16:43 Prices have increased 94.8% in Argentina since the turn of the year, according to official data; Consumer price hikes at monthly 4.2% – slight rise on the preceding month and above government forecast of 4%.

ECONOMY – ANALYSIS

Nine months in, the economic data alarming Milei's government

09-09-2024 22:25 President Javier Milei has closed the third quarter of his administration with Argentina’s economic activity in poor health. He has notched up some achievements – exchange rate stability and a slowdown in inflation, for example – but the loss of purchasing power and increased unemployment are worrying.

by Gonzalo Martínez

ECONOMIC INDICATORS

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).

FOREIGN POLICY & DIPLOMACY

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.