ECONOMIC OUTLOOK Milei’s team sees inflation slowing faster than economist survey Today 12:04 President Javier Milei’s economic team sees monthly inflation slowing much faster this year than analysts anticipate.
ECONOMIC OUTLOOK IMF ups global growth forecast but signals medium-term pessimism 16-04-2024 13:25 International Monetary Fund slightly raises outlook for global growth this year to 3.2%; Multilateral lenders reiterates forecast that Argentina's GDP will fall by 2.8% and that inflation in 2024 will be 150%.
OPINION & ANALYSIS No growth in Argentina for 12 years (and it could be 13) 08-03-2024 16:24 Data from Argentina’s INDEC national statistics bureau revealed that the economy fell by 4.5% in 2023. Over the course of the 2011-2023 period, it barely grew by 0.8% – a virtual stagnation lasting more than a decade.
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.
ECONOMIC INDICATORS 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.
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.
COURT RULING Argentina ordered to pay deposit in UK hedge funds case 22-02-2024 11:24 Argentina must pay a large deposit in a case brought by four hedge funds seeking US$1.5 billion in compensation for losses in the nation’s growth-linked securities.
TRAVEL & TOURISM Latin American travel firm Despegar eyes takeovers, robust growth 31-01-2024 19:59 Argentine travel booking firm Despegar.com plans to boost revenue and scout for takeover targets across Latin America.
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%.
Lithium in Argentina India signs lithium mining deal with Argentina 16-01-2024 07:49 Indian state firm signs lithium mining deal with Catamarca Province; Five-block deal agreed between Khanij Bidesh India and Argentina's state-owned Camyen SE.
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.
NEW GoVERNMENT 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.
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.
Bloomberg Billionaire Paolo Rocca has a Plan B for lithium if alpha bid fails 11-10-2023 08:10 Billionaire Paolo Rocca’s oil drilling unit will enter the lithium business one way or another.
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.
Bloomberg 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.
Lithium in Argentina Lithium boom in Argentina hinges on politics, Zijin unit says 27-09-2023 19:05 Hurdles to lithium development in neighbouring Chile and Bolivia have opened the door for Argentina, says top industry official
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.
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).
Bloomberg China’s Zijin is in talks with Argentina to turn lithium into battery cathode 11-07-2023 17:46 China’s Zijin Mining Group is in advanced talks to build a plant in Catamarca that will turn some of the nation’s huge lithium reserves into cathodes used to make electric-vehicle batteries.
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.
NEW REPORT Report: Public employment up 34% in Argentina since 2011, private only 3% 05-07-2023 12:32 New report by IERAL, business school of the Fundación Mediterránea think tank, shows a massive imbalance between the growth of public and private sector jobs in Argentina. Only province in which private-sector jobs grew faster was Neuquén, thanks to Vaca Muerta. Córdoba recruited the fewest state employees.
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 POLICY First South American central bank to cut says caution needed 09-06-2023 12:31 Uruguay to keep restrictive policy even with more rate cuts; Economy will probably grow around 2% 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.
Bloomberg Tech billionaire Galperín bets on growth of rugby in US with Miami team 29-04-2023 08:32 MercadoLibre billionaire Marcos Galperín and a group of Argentine friends and businessmen invest about US$6.5 million to found the Miami Sharks rugby team.
AIRLINES & AVIATION Low-cost airlines: Domestic passenger growth can take off 24-04-2023 07:00 Mauricio Sana and Gonzalo Pérez Corral, the CEOs of Flybondi and JetSMART respectively, agree that the number of domestic passengers could be doubled with a better commercial aviation policy. The duo offer their opinion on Aerolíneas Argentinas, explain why they cannot get more room at downtown Aeroparque and detail their relationship with government ministries. by Claudio Celano Gómez
URUGUAY Uruguay leads Latin America with first rate reduction 19-04-2023 21:06 Uruguay becomes first inflation-targeting country in Latin America to start lowering borrowing costs after economy entered technical recession towards end of last year.
REGIONAL ECONOMY Latin America’s policy-makers warn investors of long fight against inflation 17-04-2023 17:08 Battle against inflation will take longer than expected, the region top economic authorities said at IMF Spring Meetings.
IMF ASSESSMENT IMF says Argentina’s drought is worse than expected for growth 14-04-2023 11:13 “The more data we see, the more serious that shock seems to be on the country,” admits Nigel Chalk, IMF acting director for the Western Hemisphere.
ECONOMIC OUTLOOK Moody's forecasts 1.5% contraction for Argentina's economy 12-04-2023 13:46 Ratings agency Moody's Investors Service warns of impact of drought on Argentina's economy and predicts inflation will rise to 107% this calendar year.
ECONOMIC INDICATORS Economy will grow by just 0.2% this year, says IMF 11-04-2023 10:59 IMF lowers 2023 global growth forecast to 2.8% and warns of looming half-decade of low growth; Fund predicts that economy will hardly grow this year and warns high inflation will continue.
COURT RULING Argentina loses US$1.5-billion UK case over GDP-linked bonds 05-04-2023 10:47 Argentina must compensate investors for losses in the country’s growth-linked securities after the nation changed the method of calculating gross domestic product, a London court ruled.
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.
MINING & INDUSTRY Lithium boom delivers job growth to Argentina’s mining industry 28-03-2023 15:09 National industry industry has now recorded 28 consecutive months of job creation growth, with more than 37,000 workers now employed in the sector.
VACA MUERTA Vaca Muerta awakes as pipelines revive shale hopes 27-02-2023 15:07 Argentina’s energy industry has seen its fair share of false dawns, but the construction of a pipeline is an irrefutable step towards cutting the country's dependency on fuel imports.
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.