Tag: argentina economy

Monday, September 17th 2018 - 08:12 UTC
International support for Argentina's general strike against IMF austerity measures

The International Trade Union Conference, ITUC’s affiliates in Argentina, CGT, CTA-A and CTA-T have announced a general strike for 24-25 September in opposition to expected sweeping austerity measures being developed by the government and the International Monetary Fund.
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Friday, September 14th 2018 - 09:18 UTC
Argentine inflation in August rose 3.9%, and 34.4% in twelve months

Argentina says consumer prices rose 3.9% in August, the highest rate so far this year. That brings the 12-month nationwide inflation rate to 34.4%, one of the world's highest.
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Thursday, September 13th 2018 - 10:39 UTC
IMF team in Buenos Aires for talks on the standby loan package

Officials from the International Monetary Fund are in Argentina as part of talks to strengthen and accelerate a crisis loan package, the global lender said Wednesday. The IMF and Buenos Aires agreed in June on a three-year, US$50 billion rescue lending programme but Argentina has since asked for a more rapid disbursement.
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Thursday, September 13th 2018 - 10:34 UTC
Argentine labor unions and social groups protest austerity measures in Buenos Aires City

Labor unions and social groups blocked streets in downtown Buenos Aires on Wednesday, with more marches planned over the days ahead over austerity measures proposed by the government and backed by the International Monetary Fund. Protesters are angry about the belt-tightening policies, which are cutting services to low-income Argentines already walloped by inflation of 31 percent and climbing.
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Wednesday, September 12th 2018 - 08:55 UTC
Argentina's central bank keeps key interest rate at 60%

Argentina's central bank kept its key interest rate on Wednesday at 60%, one of the highest in the world, following a surprise hike two weeks ago after the peso plunged. Central bank officials said in a statement that inflation accelerated in August and continues to do so September, citing high-frequency data.
Thursday, July 19th 2018 - 07:44 UTC
Macri offers optimistic forecast of Argentine economy, pledging growth will return next year

Argentina’s economy will return to growth in 2019, President Mauricio Macri said on Wednesday, following a year marked by higher-than-expected inflation and a run on the Peso currency that many economists anticipate will lead to a recession.
Monday, July 9th 2018 - 07:08 UTC
“Argentina on the rocky road to recession”, anticipates The Economist

On a residential street corner in Buenos Aires, Van Koning Market sells imported beers to the city’s well-heeled. Since it opened in June last year costs have soared. The peso has plummeted, meaning wholesale prices have shot up. Inflation is running at 26%; the reduction of government subsidies means the monthly electricity bill has risen from 700 pesos to 4,000 pesos (US$ 142).
Saturday, June 30th 2018 - 15:49 UTC
Argentine Peso and equities end the week back on skid row

After a week of relative stability, the Argentine peso slid more than 2.5% percent on Friday, as an economic crisis marked by high inflation, wobbly growth and an outflow of capital began to bite again.
Wednesday, June 27th 2018 - 08:12 UTC
Argentine economy shrinks 0.9% as agriculture hit by drought plummets 31%

Argentina’s economy shrank in April for the first time in more than a year, government data showed on Tuesday, while the central bank held its policy rate stable at 40% in the first rate decision since a shakeup in its leadership.
Tuesday, May 29th 2018 - 09:09 UTC
The Way Out of Argentina’s New Crisis

The late MIT economist Rüdiger Dornbusch used to tell his students in the 1980s that there are four kinds of countries: rich, poor, Japan, and Argentina. No one frets anymore about Japan buying its way to world domination. But the world is worrying again about Argentina.