News of economic growth

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.

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

INDEC reports 5.1% Q1 slump in GDP, unemployment on rise

24-06-2024 20:58 Argentina's economy contracted by 5.1% in first quarter, says INDEC; Unemployment hit 7.7% as Milei government’s austerity measures began to kick in.

ECONOMIC INDICATORS

Economic activity plunging amid austerity, confirms INDEC

23-05-2024 00:30 Bureau’s monthly estimate of economic activity records 8.4% drop for March; Industry and construction collapse, 5.3% slump in first quarter of 2024.

ECONOMIC INDICATORS

Economy extends downturn amid Milei’s cuts

23-05-2024 00:07 Economy shrank 8.4% in March from a year ago. On a monthly basis, activity dropped 1.4%, according to government data published Wednesday.

ECONOMIC OUTLOOK

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.

ANALYSIS

Economy shrank in December by most since pandemic

22-02-2024 21:14 Argentina’s economy contracted in December by the most since the peak of the Covid-19 pandemic.

ECONOMIC INDICATORS

Economic activity in Argentina fell 1.6% in 2023, reveals INDEC

22-02-2024 20:36 Economic activity in Argentina dropped 1.6% last year with a 4.5% contraction in December compared to the last month of 2022.

BLOOMBERG - ANALYSIS

IMF sharply cuts Argentina’s growth forecast on Milei’s plan

30-01-2024 19:14 The government’s push to cut down on spending is “absolutely needed” to rein in inflation, which the IMF estimates will slow down to near 150 percent a year by December.

ECONOMIC OUTLOOK

IMF cuts Argentina 2024 growth forecast, forecasts 2.8% contraction

30-01-2024 15:55 Multilateral lender warns that inflation is expected to increase in the short term, projecting growth of minus 2.8 percent this year and plus five percent in 2025.

ECONOMIC INDICATORS

Economy posted mild contraction amid run-off election

23-01-2024 22:40 Economic activity in November fell 1.4% from October, according to government data. From the same month a year earlier, activity fell 0.9%.

ECONOMIC OUTLOOK

World Bank forecasts 2.7% growth for Argentina in 2024

09-01-2024 16:46 Argentina’s economy likely contracted 2.5% last year, but will record growth of 2.7% in the coming 12 months, forecasts World Bank, which warns of “economic uncertainty” and continuing inflation.

ECONOMIC INDICATORS

Economy shrank less than forecast during election

21-12-2023 20:25 Argentina’s economy posted a slight contraction in October, falling 0.1% from a month earlier.

ECONOMIC INDICATORS

Economy grew again in August despite inflation spike

24-10-2023 21:54 Argentina’s economy expanded in August despite a steep currency devaluation that unleashed price spirals not seen in three decades.

ECONOMIC OUTLOOK

Argentina’s economy to contract 2.5% this year, says IMF

10-10-2023 12:56 Latest forecast from International Monetary Fund foresees 121.7% inflation and 2.5% GDP shrinkage in 2023; Report predicts 2.8% growth in 2024.

ECONOMIC OUTLOOK

World Bank sceptical over Milei’s dollarisation plans

05-10-2023 00:45 Argentina’s economy is set to contract 2.5% in 2023, according to the World Bank.

ECONOMIC INDICATORS

Argentina's economy shrank most since 2020 amid record drought

20-09-2023 08:52 Argentina's GDP shrank 2.8% in the second quarter of the year, more than the 2.5% contraction forecast by experts. From a year ago, activity contracted 4.9%.

ECONOMIC OUTLOOK

OECD: Argentina to suffer steepest recession of G20 nations

19-09-2023 14:02 Organisation for Economic Cooperation and Development says Argentina's GDP will contract by 2% this year, while suffering 118.6% inflation in 2023.

POLICYMAKERS MEET

Central Bank to keep key interest rate unchanged despite surging inflation

14-09-2023 00:46 Central Bank board will likely keep its key interest rate unchanged because policymakers expect slowing price pressures later on in the year.

MONETARY POLICY

Central Bank expects to hold benchmark rate through primary vote

05-07-2023 22:34 Economists surveyed by Argentina’s Central Bank see prices rising 149% annually by the end of this year and a 3% contraction in GDP.

ECONOMIC INDICATORS

Amid drought, economy shrank more than expected in April

30-06-2023 17:07 Argentina’s economy contracted more than expected in April as a record drought took its toll on trade, a sign that the economy is likely to enter recession later this year.

ECONOMIC INDICATORS

Argentina's economy picks up less than expected ahead of recession

23-06-2023 00:49 Gross domestic product expanded 0.7& in the first quarter from the October-December period.

ECONOMIC OUTLOOK

World Bank, OECD: Argentina's economy faces recession, soaring inflation

09-06-2023 19:44 Multilateral institutions sound alarm over Argentina’s immediate economic outlook, forecasting that GDP will shrink by at least 1.6% this year.

ECONOMIC INDICATORS

Brazil’s economic growth bounces back under Lula

01-06-2023 12:39 Brazil’s economy roared back in the first months of 2023, lifted by bumper harvests that outweighed the drag of double-digit borrowing costs.

ECONOMIC INDICATORS

Economy grew less than expected on drought, inflation

23-05-2023 18:31 Economic activity rose 0.1% in March from the previous month, reveals INDEC, less than forecast by analysts.

ECONOMIC INDICATORS

Latin America’s two biggest economies surprise with stronger growth

30-04-2023 08:04 Brazil and Mexico surprise investors with stronger-than-expected growth, indicating Latin America’s largest economies are holding up amid high interest rates and fast inflation.

ECONOMIC OUTLOOK

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.

ECONOMIC INDICATORS

Argentina's economic growth surpasses expectations despite outlook

30-03-2023 14:31 Argentina's economic activity rose 2.9% year-over-year, more than economists expected in January.

ECONOMIC INDICATORS

Not even a World Cup win can save Argentina’s economy from decline

24-02-2023 10:08 Economy contracted more than expected in December even after the country won its much-celebrated third World Cup title, lending weight to view that recession lies ahead later this year.

ECONOMIC INDICATORS

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.

Inflation Rises

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.

Minister's outlook

Economy can grow above 3% while slowing inflation, says Massa

08-01-2023 22:37 Economy Minister Sergio Massa says Argentina can record growth of 3% in 2023 in a feature-length interview with Perfil newspaper.

ECONOMIC OUTLOOK

OECD forecasts slowdown for Argentina’s economy in 2023

22-11-2022 14:42 Argentina’s GDP will grow 4.4% this year and by just 0.5% the following; Global GDP will increase 3.1% in 2022 – nearly half the rate of previous year, forecasts Organization for Economic Co-operation and Development.