News of gdp

Argentina's GDP shrank less than expected in 2024

26-02-2025 11:44 Argentina beats the World Bank's projection and shrinks GDP by just 1.8 percent as part of Milei's self-proclaimed "largest fiscal adjustment in history."

SIZEABLE BLACK ECONOMY

US$30 billion a year – Ecuador reveals size of local cartel trade

18-02-2025 14:44 Ecuador's President Daniel Noboa admits that cartels and gangs move US$30 billion worth of drugs, arms and other illicit goods through his country a year.

ECONOMIC OUTLOOK

World Bank forecasts 5% growth for Argentina in 2025

17-01-2025 09:52 After two years of recession, President Javier Milei’s government will see approximately five percent in GDP this year, followed by a further 4.7 percent in 2026, predicts World Bank.

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 - Analysis

Global public debt to hit US$100 trillion by end of 2024, IMF says

16-10-2024 06:53 Global public debt risks of rising to US$100 trillion by the end of 2024, warns International Monetary Fund.

INTERVIEW

Latin America’s fiscal policies risk inflation, World Bank says

09-10-2024 18:25 Fiscal imbalances could threaten Latin America’s success in taming inflation, warns top World Bank economist.

BUDGET PROPOSAL

Milei projects inflation plunging to 18% by end-2025

16-09-2024 00:05 President Javier Milei estimates annual inflation will slow to 104.4% by the end of this year and 18.3% by December 2025, according to his first budget proposal.

ECONOMIC INDICATORS

Economy contracted in June, recession grinds on

21-08-2024 23:36 Argentina’s economy unexpectedly contracted in June, shrinking for the fourth time in six months.

Beyond the headlines

Work in regress?

29-06-2024 04:27 How can having a job continue to be synonymous with making a living if there are around seven times as many people below the poverty line as jobless?

by Michael Soltys

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 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.

US COURT RULING

Argentina defeats hedge fund suits over GDP-linked securities

01-04-2024 15:46 Argentina victorious as judge rejects claim by Aurelius Capital Management and other hedge funds seeking payment on securities tied to economic performance.

ECONOMIC OUTLOOK

Analysts improve outlook, forecast inflation slowing to 210% in 2024

08-03-2024 10:48 Experts consulted for Central Bank’s REM survey of market expectations lower forecasts for inflation in the next few months, predicting 15.5% rate for February and a 3.5% economic slump this year.

Brazil and Wall Street

Lula pulls off rare trick twice, wooing Wall Street and the poor

26-02-2024 11:09 In his first year back in power, Luiz Inacio Lula da Silva has again managed to keep both low-income voters and Wall Street investors happy

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.

ARGENTINA IN CRISIS

Milei’s ‘no money’ slogan put to the test – but is there patience?

22-02-2024 16:46 Enthusiasm abroad for Javier Milei's presidential project is not matched by growing unrest on the streets of Buenos Aires.

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 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

CELAC sees Latin American growth of 1.7%, but forecasts 3% slump for Argentina

05-09-2023 15:13 Argentina's economy forecast to contract by 3% this year, according to Economic Commission for Latin America and the Caribbean (ECLAC/CELAC).

Economy

Brazil’s economic activity tumbles past all forecasts

17-07-2023 19:57 Brazil's economy shrank more than expected in May, but President Lula's government's reforms and anticipated rate cuts have raised investor optimism.