News of economic

Brazil inflation slowed again in April to 4.18%

13-05-2023 09:00 Brazil's annual inflation rate fell for the 10th straight month in April, to 4.18%.

As cost of living bites, Brits question costly coronation

04-05-2023 15:35 As the UK grapples with a cost-of-living crisis and widespread strikes over pay, some Britons are questioning why taxpayers have to foot the bill for King Charles III's lavish coronation on Saturday.

Buenos Aires City recorded 7.1% inflation in March

05-04-2023 14:37 Prices in the nation’s capital have risen 21.8% in first quarter of the year and by 105.5% over last 12 months.

World Bank lowers forecast to no growth for Argentina in 2023

04-04-2023 14:50 International financial institution lowers its 2023 growth forecast for Argentina from two percent to zero growth and calls for “macroeconomic stability” in order to boost growth.

Argentina's economy contracts by most since pandemic to end 2022

22-03-2023 16:41 Argentina's economy contracted less than expected at the end of last year, with GDP down 1.5% in the fourth quarter of 2022 compared to the previous three-month period.

IDB predicts 'difficult' 2023 for Latin America

20-03-2023 10:49 Latin America and the Caribbean will experience a "difficult" 2023 with barely one percent growth due to global uncertainty, Inter-American Development Bank warns.

From impending catastrophe to moderately optimistic?

04-02-2023 06:09 Just as the global economy was heading into an unavoidable recession, sentiment seems to have been reversed and optimism is taking over.

by Agustino Fontevecchia

INDEC: Economy grew 5.9% year-on-year in first 11 months of 2022

24-01-2023 21:59 November data shows Argentina’s economy contracted for a third straight month, further dampening the annual outlook for the coming 12 months.

Emmanuel Álvarez Agis: ‘The challenge is to halt inflation with everybody aboard’

25-11-2022 09:14 Director of PxQ consultants and former deputy economy minister ​​Emmanuel Álvarez Agis on Sergio Massa’s approach, turning down the chance to head the portfolio and the challenges facing Argentina in the next two years.

by Jorge Fontevecchia

Argentina's economy contracted in September after currency policy

24-11-2022 01:49 Economic growth has shown resilience this year despite expectations of a recession following political turmoil in July that resulted in the ouster of three economy ministers in four weeks.

Argentina’s annual inflation spikes to 88%, topping G20 countries

15-11-2022 17:00 Consumer prices rose 88% in October from a year ago, surpassing Turkey’s 85.5% rate for the highest among Group of 20 nations.

Latin America is slipping out of the US orbit

14-11-2022 06:37 Must the US kiss Latin America goodbye? To woo back the region, the Biden administration needs to offer it a better deal than China’s.

Budget 2023: Massa projects 2% growth and 60% inflation

28-09-2022 23:10 Gross domestic product will grow 2% in 2023, with the government aiming for a fiscal deficit of 1.9% and annual inflation rate of 60%, according to the draft budget bill unveiled by Economy Minister Sergio Massa.

Economy stalled as inflation spiked in July

26-09-2022 17:30 Argentina’s economy plateaued in July as an inflation spike caused by political volatility paralysed some sectors.

Economy grew 6.3% in the first half of 2022, says INDEC

23-08-2022 17:34 Activity in June expanded 1.1% from a month earlier, well above economists' expectations of a 0.2% decline.

Gabriel Rubinstein appointed economic planning secretary

22-08-2022 10:38 Massa taps ex-central banker to craft response to economic crisis.

Argentina moves to hike key rate by 800bps with local note offer

28-07-2022 16:44 Argentina’s central bank offered its Leliq note, which is used as the benchmark interest rate, at a rate of 60%, representing an 800 basis-point increase and the largest hike in almost three years.

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.

Argentina’s annual inflation reaches 61% as investors worry

14-06-2022 18:08 Price gains reach almost 61% in annual terms as investors worry about the government’s ability to pay its local debt.

Global plastic use and waste on track to triple by 2060

03-06-2022 13:22 Annual production of fossil-fuel-based plastics is set to top 1.2 billion tonnes by 2060 and waste to exceed one billion tonnes, according to the Organisation for Economic Co-operation and Development (OECD).