News of growth

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.

No future for Milei

28-09-2024 06:33 President Milei’s first speech at the UN General Assembly was the latest example of the many fruitless symbolic battles that Argentina’s 21st-century Don Quixote chooses to fight to feed his foundational ego trip.

by Marcelo J. García

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 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.

IMF expects Argentina's economy ‘to start growing’ in second semester

16-05-2024 17:52 Multilateral lender reiterates its satisfaction with the progress made by President Javier Milei's government in Argentina.

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.

Brazil economy grew 2.9% in 2023, says official data

01-03-2024 16:08 Brazil's economy expanded 2.9% in 2023 after a fourth quarter of zero growth, according to data released Friday by the IBGE national statistics agency.

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.

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. 

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.

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.

Milei warns of 'stagflation' after picking economy czar

29-11-2023 14:00 Period of stagflation will be unavoidable as the new administration implements the fiscal adjustment needed to organise the economy, warns Javier Milei.

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.

Argentina seeks to tax lithium boom to avoid region’s resource curse

02-10-2023 11:57 Provincial and federal officials want to tap the profits of lithium companies with an annual tax that would be put toward building infrastructure.

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.

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).

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.

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.

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.

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.