Brazil's central bank expects annual inflation to ease below the government's 4.5% target in 2017 after years of hovering well above that goal, leaving the door open for cutting some of the world's highest interest rates as early as October. The bank also held its estimate for an economic contraction of 3.1% in 2016, but it expects the economy to grow 1.3% in 2017.
Nearly one-third of Argentina’s population lives in poverty, the government said on Wednesday in the first official poverty data published in three years, underscoring the difficulty of reaching President Mauricio Macri’s stated “zero poverty” goal. The ranks of the poor surveyed in Argentina totaled 8.8 million people, or 32.2% of the population in 31 urban areas surveyed.
The 13th September joint statement between Argentina and the UK is a new bilateral convergence of common interests and the possibility, in the framework of a new dialogue and cooperation, of sovereignty discussions resumption on the Malvinas, South Georgia, South Sandwich islands and adjoining maritime spaces question, Argentine Deputy foreign minister Carlos Foradori told the Lower House Foreign Affairs committee during a summons on Wednesday.
North Patagonia in Argentina is suffering the worst drought is 17 years which has meant the loss of 1.8 million sheep, since 2007, and so far this year rainfall has been 45% below the historic average.
Argentine president Mauricio Macri signed an executive order on Tuesday under which foreign tourists will receive a refund of the value-added tax, or VAT, paid on hotel services in an effort to attract more visitors to Argentina and boost tourist businesses.
Following the peace agreement signed in Colombia, only three main issues remain pending in the Americas, devolution of Guantanamo to Cuba, the Falklands/Malvinas dispute and a sea outlet for Bolivia, according to Bolivian president Evo Morales who hailed the deal rubricated on Monday in Cartagena before world leaders.
Portugal's former prime minister Antonio Guterres maintained his lead in the race to become the next UN secretary-general following a fifth straw poll by the Security Council on Monday, diplomats said. Argentina's Susana Malcorra came in fourth and the best placed woman for the job.
An Argentine average household made up of a couple with two children 6 and 8 years old needs 12.489 Pesos (approx US$ 820) to remain above the poverty line according to the stats office, Indec estimate for the month of August. The same household will have to pay 5.176 Pesos (approx US$ 340) for the Basic food basket, not to drop to indigence.
Argentina’s recession deepened in the second quarter as President Mauricio Macri’s efforts to implement free-market reform exacerbated an already flagging economy. GDP fell 3.4% from the same period a year earlier, the largest year-on-year contraction in almost two years, the refurbished statistics agency said in a report published on Thursday.
Aerolineas Argentinas CEO revealed that the flag-carrier is increasing passenger numbers and could become profitable in four years but losses keep piling, an estimated one billion dollars this year, which comes upon a one to two million dollars daily losses during most of the decade.