News of economy

Lula criticises Alberto Fernández for sticking to IMF debt deal

Yesterdat 14:11 Former Brazil president and candidate in this Sunday’s election says Argentina’s leader is “in a bind” and has disappointed voters by attempting to resolve the nation's US$44.5-billion debt deal.

Around 5.5 million children in Argentina living in poverty

Yesterdat 02:11 Child poverty affected 50.9% of Argentina’s population in the first half of 2022, according to the Permanent Household Survey (EPH) by the INDEC national statistics bureau.

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.

Brazil's business sector still supports Bolsonaro, but with reservations

27-09-2022 15:12 Elected in 2018 on a promise to reduce state intervention, far-right stayed true to his word with a series of policies favouring business – but support is not unanimous.

Lula has big Petrobras plans that would undo privatisation push

26-09-2022 14:39 Next week’s elections in Brazil pose a challenge to Petrobras investors: Lula has vowed to use the company as a vehicle for national development, but Jair Bolsonaro is proposing the complete opposite.

Climate and spills in focus as offshore oil gathers pace in Argentina

24-09-2022 06:01 Argentina's government has awarded dozens of tenders to explore for oil in the country’s waters, unleashing conflicts among companies, civil society and the state itself.

Argentina's second-quarter economic growth surpasses expectations

21-09-2022 15:07 Economy grew more than expected in the second quarter of the year as rising commodity prices boosted exports.

Broker’s model sees Argentina beating England in World Cup Final

20-09-2022 13:28 A London-based stockbroker has forecast victory for Argentina and yet more years of hurt for England football fans, according to its model predicting the winner of the upcoming FIFA World Cup.

Juan Grabois: ‘If Cristina decides to run in 2023, I’m behind her’

16-09-2022 16:00 Catholic social leader and lawyer Juan Grabois on the failed attack on the vice-president, political violence, hate speech and the gravity of the socio-economic situation in Argentina.

by Jorge Fontevecchia

Government's budget bill forecasts 60% inflation in 2023

16-09-2022 09:01 Argentina's government will forecast inflation hitting 60% in 2023 in its proposed budget, according to sources in Economy Ministry.

'Inflation tops the list' of Argentina's problem, says IMF director

14-09-2022 09:24 Inflation is the main problem afflicting Argentina's economy, International Monetary Fund (IMF) chief Kristalina Georgieva said Tuesday.

Argentine soybeans flood market just as US harvests bumper crop

11-09-2022 10:04 Farmers rush to sell stockpiled soybeans this week after Argentina's government implemented a temporary devaluation of the peso intending to spur exports.

Argentina gets vote of support as IDB boosts loan on Massa trip

07-09-2022 11:31 Economy Minister Sergio Massa wins a major loan commitment from Inter-American Development Bank, a symbolic victory in his bid to restore some confidence.

Massa holds first meetings with US government in Washington

06-09-2022 18:05 Economy Minister Sergio Massa meets with officials from the US government as trip to Washington begins in earnest.

Food and fuel price rises put pressure on August inflation figure

03-09-2022 15:34 Most analysts and consultancy firms expect price rises totalled at least 6% last month, with some anticipating a monthly rate that’s closer to 7%.

Eduardo Levy Yeyati: ‘Devaluation is political kryptonite’

02-09-2022 12:00 Economist, public policy specialist and dean of the Government School of Torcuato Di Tella University Eduardo Levy Yeyati on the challenges facing Sergio Massa and Argentina’s economy.

by Jorge Fontevecchia

Argentina seeks to shift all-cash workers into payroll jobs

30-08-2022 15:06 Policy aims to target welfare recipients who opt for informal, all-cash jobs to avoid losing government benefits and persuade them to stay in the system. 

World’s hottest economy goes cold as Chileans run out of money

30-08-2022 10:55 Chile, a country that’s long prided itself on having the most stable economy in all of Latin America, is facing a sudden turn toward stagflation.

Next round of IMF talks complicated by weak reserves

26-08-2022 11:09 In September, Argentina will sit down with the IMF to discuss the objectives pledged for the second half of the year. Two variables will be under the microscope: inflation and the Central Bank’s level of dollar support. The technocrats responding to Kristalina Georgieva will not accept creative accountancy. Agreements with foreign banks to beef up reserves are on the cards.

Trial of the century or a century on trial?

26-08-2022 10:29 There was an air of climax about Diego Luciani’s conclusion of the case for the prosecution last Monday but in reality the trial has only just begun.