News of recession

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.

ECONOMIC INDICATORS

Inflation reached 3.8% in October, highest monthly rate of year

12-11-2020 17:05 Prices in Argentina have risen by 26.9% since turn of the year, reveals INDEC national statistics bureau.

ECONOMIC INDICATORS

INDEC: Inflation 2.8% in September, 22.3% this year so far

14-10-2020 18:22 Consumer prices rose 2.8% in September, with the biggest increases in clothing and footwear and alcoholic beverages and tobacco.

ECONOMIC INDICATORS

INDEC says inflation in August reached 2.7%

16-09-2020 18:24 Consumer prices in Argentina increased 2.7% in August and have risen 18.9% since the turn of the year.

Global pandemic

Peru's economy slumps amid pandemic

21-08-2020 14:54 Peru's year-on-year GDP fell by 30% in the second quarter of 2020 as it was badly affected by coronavirus containment measures, the government said on Thursday.

ECONOMIC INDICATORS

Inflation in Argentina reached 1.9% in July

13-08-2020 17:59 Consumer prices rose 1.9% in July from the previous month. Inflation since the turn of the year now totals 15.8%.

ECONOMIC INDICATORS

Inflation in June hit 2.2%, reveals INDEC

15-07-2020 18:21 Consumer prices outpaced expectations to rise by 2.2% last month despite the coronavirus lockdown. In the first six months of 2020 inflation totalled 13.6%, with prices up 42.8% over the last year.

CRISIS IN VENEZUELA

Venezuela's fuel shortages persist despite Iran deliveries

14-07-2020 14:59 Venezuela citizens are still forced to line up for gasoline, sometimes for days, despite Iran's major fuel shipment last month.

OPINION

Giorgio was right

04-07-2020 08:51 Quarantine has been renewed, presented as a lifestyle by the government.

by Pola Oloixarac

Coronavirus pandemic

Argentina surpasses 50,000 Covid-19 cases, new restrictions on way

26-06-2020 02:58 President Alberto Fernández set to announce return to strict lockdown in Buenos Aires metropolitan area, running from July 1 to 17.

Coronavirus economies

IMF forecasts deeper Latin America recession in 2020

24-06-2020 16:59 International Monetary Fund predicts 9.4% contraction in Latin America and the Caribbean, largely due to the economies of Mexico and Brazil, both of which are struggling to contain the Covid-19 pandemic.

Bloomberg

Paul Krugman: Liquidity trap has spread to emerging markets

12-05-2020 16:35 The so-called liquidity trap, when monetary policy loses its traction as interest rates get close to zero, has plagued rich countries for years – now, Nobel-Prize winning economist Paul Krugman says it has now spread to some emerging markets as well.

Bloomberg

Airline JetSmart negotiating help with Argentine, Chilean governments

07-05-2020 13:05 Low-cost airline JetSmart Airlines SpA is in talks with the governments of Chile and Argentina about helping the sector in the midst of the coronavirus pandemic, said its CEO, Estuardo Ortiz, in an interview with radio Pauta Bloomberg.

coronavirus pandemic

`If this thing boomerangs...' – Countries fear second wave of infections

07-05-2020 12:59 As Europe and the US loosen their lockdowns against the coronavirus, health experts are expressing growing dread over what they say is an all-but-certain second wave of deaths and infections that could force governments to clamp back down.

Coronavirus pandemic

Emerging-market survey sees Latin America as biggest virus loser

06-05-2020 11:13 Emerging markets are likely to see another sell-off later this year, puncturing their recovery from the coronavirus pandemic and adding to losses that have already totaled US$3 trillion, a survey has found.

Coronavirus pandemic

Argentina's economy to contract by 6% this year, says Moody's

01-05-2020 12:46 International rating agency forecasts 6% contraction in GDP due to impact of the coronavirus pandemic. Previously, it had projected a 2.4% drop in activity.

Coronavirus impact

LATAM to maintain 95% reduction of its operations until May

20-04-2020 08:00 The Chilean-Brazilian airline LATAM Airlines announced on Friday that the 95% reduction in its passenger operations announced in April will extend into May due to the coronavirus crisis, which will have a deeper impact than expected.

Drop in demand

OPEC sees demand for its crude dropping to lowest in 30 Years

17-04-2020 10:13 OPEC expects demand for its crude will fall to the lowest in three decades as the coronavirus outbreak freezes the global economy, underscoring the urgency of its promised production cuts.

BLOOMBERG – ANALYSIS

Argentina makes opening move in debt talks

17-04-2020 01:12 The highlights: a three-year moratorium, a 62 percent reduction in interest payments and a five-percent cut in the value of the principal.

Bloomberg - Opinion

Money is losing its meaning amid coronavirus pandemic

16-04-2020 15:32 Saving the global economy from the coronavirus pandemic is going to cost a lot of money. The sums involved are so large that they no longer have any meaning; they are simply abstractions.

ECONOMIC INDICATORS

Inflation in March hit 3.3% amid lockdown, rise in food prices

15-04-2020 18:42 Consumer prices rose faster than expected in March as the country went into a nationwide lockdown to contain the spread of the novel coronavirus.

Coranavirus pandemic

UK GDP 'could fall 13%' in 2020 as virus death toll climbs

14-04-2020 16:02 Britain's real GDP could fall by a whopping 35% in the second quarter of this year in the case of a three-month coronavirus lockdown, a government-funded watchdog forecasted Tuesday, as the country's death toll passed 12,000.

BLOOMBERG - OPINION

Norwegian Air shuttle tries a desperate final gamble

10-04-2020 18:12 Few airlines can be entirely confident of their survival right now. The ones in most danger are those that overextended themselves financially before the pandemic, and nobody pushed boundaries more than Norwegian Air Shuttle ASA, the budget transatlantic airline.

Coronavirus consequences

IMF chief predicts worst economic downturn since Great Depression

09-04-2020 22:32 IMF Managing Director Kristalina Georgieva says it's clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn.

Coronavirus pandemic

'Complete collapse of economies' ahead as Africa faces up to avirus

08-04-2020 07:50 More than half of Africa's 54 countries have imposed lockdowns, curfews, travel bans or other measures in a bid to prevent local transmission of the virus. Global economic downturn may lead to a ‘complete collapse’ in the region, according to experts.

Bloomberg

Peru tackles virus with region’s biggest stimulus, eyes IMF help

30-03-2020 19:58 Peru is moving to fend off economic catastrophe with a record fiscal stimulus and plans for a contingency line of up to US$18 billion from the International Monetary Fund to contain the fallout from the coronavirus pandemic.

Bloomberg

Goldman Sachs warns Latin America's recession may be worse than 1980s

30-03-2020 19:45 Latin America's economies are deteriorating faster than ever before and are heading for their worst post-World War II contraction, according to Goldman Sachs Group Inc.

CHAMBER OF COMMERCE

Firms will go bankrupt within 30 days of no work, warns business lobby

28-03-2020 08:56 Argentina’s Chamber of Commerce praises government’s handling of coronavirus crisis but warns that paralysis of economic activity will hit companies hard.

Bloomberg

Argentina's recession to deepen as virus foils Fernández's plans

26-03-2020 16:50 Economists forecast deepening of economic contraction for the third year running, highlighting just how difficult it will be for President Alberto Fernández to change things.

Pandemic Consequences

Dow plummets again as sell-off over the coronavirus deepens

12-03-2020 13:24 Stocks slide, triggering brief, automatic shutdown in trading for the second time this week. Oil also declined, price per barrel plummeting to under US$31.

Coronavirus outbreak

Facing recession, Europe grasps for ways to limit damage

11-03-2020 09:52 The European Commission, in conjunction with individual efforts from member-nations plans to set up a 25 billion-euro (US$28 billion) investment fund to support the health care system, businesses and labor market measures.

Coronavirus Consequences

Dow drops 1,500 points as oil price plunge shocks markets

09-03-2020 11:41 With Covid-19 spreading across the globe, the demand for oil plummeted more than 20 percent, sending shockwaves throughout the global economy and threatening a global recession.

Economic indicators

Data shows businesses in Argentina cutting jobs amid crisis

09-03-2020 08:00 Argentina lost 28,500 private sector jobs in December, the worst monthly decline in four years, according to government data released on Thursday.

BLOOMBERG: OPINION

Argentina’s government needs to speak with one voice on debt

21-02-2020 08:38 Before Argentina can come up with a solid economic plan, it needs a credible political pact. That takes a government which speaks with one voice, mutes the palace incendiaries and treats debt and economic recovery not as a passion play but as part of a national business plan.

by Mac Margolis

DEBT HISTORY

Argentina and the IMF: a story of love and hate

17-02-2020 07:00 History looms large, as government officials continue to meet with mission team from the International Monetary Fund.

Bloomberg

Paraguay set for economic rebound after recession

14-01-2020 16:04 Central Bank chief says Paraguay's economy will expand 4.1% as a broad recovery spanning agriculture to industry takes hold.

Bloomberg

Economy grows faster than expected, technically ending 18-month recession

18-12-2019 00:23 Argentina’s economy grew faster than expected in the third quarter, technically ending an 18-month recession.

BLOOMBERG

Blow for Fernández as crop windfall slips away

09-12-2019 13:42 President-elect needs all the help he can get to pull the country out of recession and make good on bond payments. But he faces a speed bump from the crop industry.

TRANSITION 2019

The risks of fragmented polarisation

16-11-2019 09:33 Depending on how the economy features in the coming months and how the coalitions manage to sustain complex internal balances, polarisation could soon crack into fragmentation, with unpredictable political consequences.

by Marcelo J. Garcia

ECONOMIC INDICATORS

Inflation in October hit 3.3%, reports INDEC

14-11-2019 16:38 Prices have risen by 40.2% since turn of the year and by 50.5% over last 12 months, according to official data.

News of recession

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

Inflation continues to rise: prices increased 4.1% in April

Argentina records highest inflation rate in 18 months: 4.8%

Inflation in Argentina speeds up, prompting government crackdown

GoFundMe or death: Venezuelans seek online help in Covid pandemic

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

INDEC: Inflation in February hit 3.6%

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

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

Inflation reached 3.8% in October, highest monthly rate of year

INDEC: Inflation 2.8% in September, 22.3% this year so far

INDEC says inflation in August reached 2.7%

Peru's economy slumps amid pandemic

Inflation in Argentina reached 1.9% in July

Inflation in June hit 2.2%, reveals INDEC

Venezuela's fuel shortages persist despite Iran deliveries

Giorgio was right

Argentina surpasses 50,000 Covid-19 cases, new restrictions on way

IMF forecasts deeper Latin America recession in 2020

Paul Krugman: Liquidity trap has spread to emerging markets

Airline JetSmart negotiating help with Argentine, Chilean governments

`If this thing boomerangs...' – Countries fear second wave of infections

Emerging-market survey sees Latin America as biggest virus loser

Argentina's economy to contract by 6% this year, says Moody's

LATAM to maintain 95% reduction of its operations until May

OPEC sees demand for its crude dropping to lowest in 30 Years

Argentina makes opening move in debt talks

Money is losing its meaning amid coronavirus pandemic

Inflation in March hit 3.3% amid lockdown, rise in food prices

UK GDP 'could fall 13%' in 2020 as virus death toll climbs

Norwegian Air shuttle tries a desperate final gamble

IMF chief predicts worst economic downturn since Great Depression

'Complete collapse of economies' ahead as Africa faces up to avirus

Peru tackles virus with region’s biggest stimulus, eyes IMF help

Goldman Sachs warns Latin America's recession may be worse than 1980s

Firms will go bankrupt within 30 days of no work, warns business lobby

Argentina's recession to deepen as virus foils Fernández's plans

Dow plummets again as sell-off over the coronavirus deepens

Facing recession, Europe grasps for ways to limit damage

Dow drops 1,500 points as oil price plunge shocks markets

Data shows businesses in Argentina cutting jobs amid crisis

Argentina’s government needs to speak with one voice on debt

Argentina and the IMF: a story of love and hate

Paraguay set for economic rebound after recession

Economy grows faster than expected, technically ending 18-month recession

Blow for Fernández as crop windfall slips away

The risks of fragmented polarisation

Inflation in October hit 3.3%, reports INDEC

Spain court suspends extradition of Venezuela ex-intel chief

Argentina finally scraps entry quotas for travellers arriving by air

Chile violence a boost to far-right ahead of elections, say experts

Argentines are desperate for dollars as bets on devaluation soar

Bolsonaro welfare plan shakes Brazil markets, sparks resignations

Good bye, La Cámpora

Aníbal Fernández acusó a Arabela Carreras de no cumplir con sus responsabilidades y que Río Negro “está a la buena de Dios”

Jorge Asís: "El Gobierno podría dar vuelta la elección de no existir tantos goles en contra"

Ruta del dinero K: Marijuan pide más pruebas y demora el sobreseimiento de CFK

Murió Thelma Jara de Cabezas, la madre de Plaza Mayo protagonista de una historia de torturas y complicidades