ECONOMIC INDICATORS Argentina records highest inflation rate in 18 months: 4.8% Yesterdat 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 Yesterdat 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.
ECONOMIC INDICATORS Inflation in September reached 5.9%, the highest figure of the year so far 16-10-2019 16:26 Prices have risen by 37.7% in 2019 so far and by 53.5% over the last 12 months, according to INDEC's CPI index.
BLOOMBERG Is the world economy sliding into first recession since 2009? 15-10-2019 09:11 The global economy is wobbling and whether it topples over is the big question in financial markets, executive suites and the corridors of power.
ECONOMIC DOWNTURN World Bank: Slowdown in Latin America 'more self-inflicted than imported' 10-10-2019 15:19 World Bank predicts Argentina's economic contraction will deepen this year to 3.1%.
FINANCIAL POLICY Brazilian Central Bank cuts interest rate to record low 19-09-2019 16:30 Monetary authority slashes interest rates to a record low 5.5% for the second time in less than two months, as Latin America's biggest economy expresses concerns over "more intense slowdown in the global economy."