News of economics

US confident Argentina will reach IMF deal, says senior official

Yesterdat 22:44 Washington is confident Argentina will reach an agreement with the IMF to restructure its multi-billion dollar debt, and is ready to support that process, a senior US official said Thursday.

IMF DEBT TALKS

Nobelist Stiglitz rebuffed after praising Argentina’s 'economic miracle'

Yesterdat 18:06 Nobel laureate economist Joseph Stiglitz is facing a wave of criticism from peers after he claimed crisis-prone Argentina is witnessing “an economic miracle.”

THE YEAR TO COME

World economy now set to surpass US$100 trillion in 2022

29-12-2021 21:54 The world economy is set to surpass US$100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research.

Global inequality

Billionaires' share of global wealth soars during pandemic

07-12-2021 15:34 The club of the richest 1% in the world has taken more than a third of all additional wealth accumulated since 1995, while the bottom 50% captured just 2%.

GLOBAL WARNING

IMF warns of 'economic collapse' unless G20 extends debt relief

02-12-2021 15:37 IMF urges G20 nations to extend and improve debt relief initiatives, warning that many countries face a dire crisis without the help.

Guest voice

We need archaeologists in Congress

02-11-2021 07:00 Argentina’s new legislators will be 'archaeologists' of the laws.

by Federico Sturzenegger

BLOOMBERG

Interest rates aren’t the only weapon in global inflation fight

01-11-2021 09:00 As the cost of living surges all over the world, governments aren’t leaving the job of containing inflation to their central banks. They’re responding in other ways too.

BLOOMBERG

Gender quotas fail to boost women in Latin American politics

14-09-2021 13:22 The progress of women in politics has stalled in one of the world's most economically unequal places.

As I see it

Cuba’s hard-right dictatorship

17-07-2021 11:12 For fanatics, the cause they are devoted to is infinitely more important than anything else, and there can be no doubt at all that, despite the evident failure of the revolution to deliver the promised goods, there are still plenty of fanatics in Cuba.

by James Neilson

As I see it

A great time for malcontents

03-07-2021 23:17 In the rich Western countries and their cultural offshoots, what was once the fringe has become the centre.

by James Neilson

POLITICS

Frente de Todos puts on show of ‘unity’ as problems mount

07-05-2021 01:05 President Alberto Fernández hails the strength of his ruling coalition in wake of Supreme Court ruling.

POLITICS

Frente de Todos at odds over future of energy official

01-05-2021 00:16 Rumours sweep through political circles speculating that Economy Minister Martín Guzmán is seeking removal of energy undersecretary. Kirchnerite officials aggressively deny claims that Federico Basualdo has resigned his post.

Economy

Consumption fell 26% in March 2021 from previous year, says study

21-04-2021 12:00 New survey shows consumption of energy drinks, chocolates and sweets grew significantly over the past year, while sales of cloth, bleach and air fresheners fell.

COVID-19 'SECOND WAVE'?

Less growth, higher deficit – potential impact of ‘second wave’ lockdown

05-04-2021 16:15 Productive Development Minister Matías Kulfas has ruled out a repeat of 2020’s dramatic shutdown of economic activity; Economists predict that further restrictions would seriously damage rebound.

by Mirta Fernandez

BLOOMBERG – ANALYSIS

Bolsonaro calls for more changes after general goes to Petrobras

21-02-2021 08:25 Brazil leader says that more changes are underway after naming a former general to head Petrobras. Experts say Bolsonaro has chosen "economic populism."

Biodiversity

Economic growth has 'devastating cost to nature', review finds

02-02-2021 09:17 Humanity's unbridled growth in recent decades has come at a "devastating cost to nature" according a wide-ranging international review on the vital economic role played by our living planet.

TAMING INFLATION

Alberto’s 21st-century agenda?

30-01-2021 07:18 In order to imagine an avant garde agenda worthy of the 21st century, Argentina needs to fix its 20th-century problems.

by Agustino Fontevecchia

Global Pandemic

UN: Covid shrinks Latin American trade for 2020

22-01-2021 15:49 The coronavirus pandemic has triggered the steepest drop in Latin American foreign trade in 2020 since the global financial crisis more than a decade ago, a UN body said Friday.

Nobel prizes

Stanford economists win Nobel prize for improving auctions

12-10-2020 12:05 US economists Paul R. Milgrom and Robert B. Wilson have won the Nobel Prize in Economics for "improvements to auction theory and inventions of new auction formats."

BRAZIL UNDER BOLSONARO

Brazil’s economic team in disarray after two high-profile losses

12-08-2020 13:30 Brazilian economy minister Paulo Guedes said Tuesday two of his top deputies had resigned in a "stampede," news that could rattle market confidence in his reform agenda.

PERIDISMO PURO / INTERVIEW

Kenneth Rogoff: 'This isn't normal. This is a full-scale natural catastrophe.'

24-06-2020 23:52 Leading US economist Kenneth Rogoff sat down for an exclusive interview with Perfil's Jorge Fontevecchia to discuss the coronavirus pandemic, its economic impact and relief for indebted nations.

Bloomberg

IMF builds a US$107 billion safety net under key Latin Economies

19-06-2020 19:34 After markets suffered a free-fall in the first quarter, Chile and Peru rushed to join Mexico and Colombia as the only nations in the world with access to the Fund’s Flexible Credit Line, or FCL.

PERIODISMO PURO / Interview

Edmund Phelps: 'It’s important to get a debt agreement that is feasible for Argentina'

10-06-2020 16:55 "The public has become aware that people of the bottom are in an extremely vulnerable situation. There has to be radical steps taken to address that problem," Edmund Phelps, the 2006 Nobel Prize winner for Economics, tells Jorge Fontevecchia in an interview.

by Jorge Fontevecchia

BBC INTERVIEW

Stiglitz: 'Macri bet the house and lenders followed him blindly'

29-01-2020 12:19 Famed economist and mentor to Martín Guzmán offers his take on renegotiation of Argentina's debt, questioning creditors and criticising the Mauricio Macri government.