ECONOMIC INDICATORS Argentina's economy grew in July despite recession on horizon 27-09-2023 13:02 Argentina's economy broke a four month streak of decline in July, beating estimates and growing at 2.4%.
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%.
Exchange rate woes Argentina’s neighbours flood borders for cheap skiing, shops, steaks 21-07-2023 16:55 Argentina sees a surge in travelers from Chile and Uruguay who seek cheaper prices on goods and experiences, benefiting from the currency crisis and multiple exchange rates in the country.
BUENOS AIRES & BEIJING China allows Argentina to spend up to US$10 billion of currency swap line 02-06-2023 13:20 Chinese officials approve Argentina tapping up to 70 billion yuan (US$9.89 billion) of currency swap line, double the previous limit, according to a Central Bank statement.
CURRENCY SWAP Argentina seeks bigger China swap line to prevent peso sell-off 24-05-2023 10:48 Argentina’s government is asking China for an expansion of its bilateral currency swap in yuan as it seeks to build up reserves.
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.
DROUGHT Argentina’s worst drought in memory lands new blow to economy 09-03-2023 13:36 Gross domestic product in South America’s second-largest economy, which desperately needs US dollars, will shrink 3 percent this year, worse than the previous forecast for a 1.5 percent contraction, as one of the worst droughts in recent memory ravages crucial farm exports.
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.
VENEZUELAN ECONOMY 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.