News of recession

Venezuela's risky currency stabilisation to tackle inflation

27-03-2022 08:42 The beleaguered bolívar has, against all odds, managed to stabilise since October, thanks to a US$2.2-billion investment by the state.

BRAZIL UNDER BOLSONARO

Brazil exits recession, but faces tough year ahead

06-03-2022 09:02 Brazil exited recession in the fourth quarter, but weak growth and high inflation still dog Latin America's biggest economy.

ECONOMIC INDICATORS

GDP grew 10.3% in 2021 after three years of decline

25-02-2022 14:51 National statistics bureau confirms Argentina’s gross domestic product rose 10.3% in 2021 – first year of growth since 2017.

ECONOMIC INDICATORS

Economy caps strong second half with December rebound

23-02-2022 17:41 Argentina’s economy capped a strong second half of growth as it emerged from a long recession last year.

IMF DEBT TALKS

IMF debt deal: The roots of Argentina's economic crisis

28-01-2022 22:05 Argentina, which has been battling a deep economic crisis since 2018, has unveiled a new debt repayment deal with the International Monetary Fund.

ECONOMIC INDICATORS

Tech firms lead job recovery amid company exodus

26-11-2021 15:01 Argentina's tech sector is a bright spot that is creating jobs even as many companies are closing in a hostile business environment.

Economy

World Bank forecasts 'modest recovery' for Latin America and Caribbean

09-06-2021 14:51 Latin America and the Caribbean will have "modest economic recoveries" in 2021, the World Bank has warned. Argentina's economy forecast to rebound 6.4% this year.

ECONOMIC INDICATORS

Inflation continues to rise: prices increased 4.1% in April

14-05-2021 01:47 INDEC’s Consumer Price Index shows cost of living jumped 4.1% in April and 17.6% in the first four months of the year.

ECONOMIC INDICATORS

Argentina records highest inflation rate in 18 months: 4.8%

15-04-2021 17:35 Inflation in March reached 4.8% – the highest figure since September 2019. Prices have jumped 12.4% in first three months of year, 42.6% over last 12 months.

ECONOMIC INDICATORS

Inflation in Argentina speeds up, prompting government crackdown

15-04-2021 09:44 Argentina’s inflation accelerated last month at the fastest pace since President Alberto Fernández took office in late 2019, experts believe, prompting the government to tighten its unorthodox controls over companies.

CRISIS IN VENEZUELA

GoFundMe or death: Venezuelans seek online help in Covid pandemic

09-04-2021 08:00 With a saturated public health care system and out of reach prices in private clinics, many Venezuelans are turning to crowdfunding sites throughout the Covid-19 pandemic.

ECONOMIC INDICATORS

Official: Argentina's economy shrank 9.9% in 2020, confirms INDEC

23-03-2021 21:26 Economy shrank by 9.9% in 2020 year-on-year due to the coronavirus pandemic – its worst fall in almost 20 years.

ECONOMIC INDICATORS

INDEC: Inflation in February hit 3.6%

11-03-2021 17:48 Prices in Argentina have risen by 40.7% over the last 12 months, and by 7.8% in the first two months of 2021, according to government data.

ECONOMIC INDICATORS

Brazil ends new 'lost decade' with GDP drop of 4.1% in 2020

03-03-2021 10:26 The economy of Argentina's giant neighbour registered a 4.1% contraction in 2020, according to official data.

Venezuela

In crisis-hit Venezuela, maternity wards have become death traps

29-01-2021 17:31 With seven years of back-to-back recession and the highest inflation in the world, Venezuela's hospitals are creaking skeletons of their former selves, and the effects on maternity wards can be devastating.