Economy

• Monday, January 15th 2024 - 10:10 UTC

  Where will the Global Economy land in 2024?

  

  By Nouriel Roubini (*)
  
  Heading into 2024, most economists and market analysts have adopted a baseline scenario in which most major economies avoid both a recession and renewed inflation – the much-desired “soft landing.” But the current encouraging consensus could still be derailed by any number of factors, not least geopolitics.

• Saturday, January 13th 2024 - 11:20 UTC

  Argentina to issue larger-denomination banknotes

  

  Argentina's Central Bank (BCRA) announced this week that would start printing AR$10,000 and AR$20,000 bills (a little under US$ 10 and 20 respectively) to meet the demand for higher-denomination banknotes, it was reported in Buenos Aires. “The issuance of these denominations will facilitate transactions among users,” the BCRA argued in a statement.

• Friday, January 12th 2024 - 13:33 UTC

  FMI hopes Milei's plan gets enough political support

  

  International Monetary Fund (IMF) Spokeswoman Julie Kozack Thursday said the global credit agency hoped Argentina's latest measures would have the political support they needed, particularly the adjustments included in the so-called Omnibus Law bill currently in Congress.

• Friday, January 12th 2024 - 11:11 UTC

  Argentina: Patagonian League relaunched to protect local interests from national gov't

  

  Despite stemming from different political forces, the governors of Argentina's Patagonian provinces Thursday issued a joint statement condemning President Javier Milei's bold approach to the country's economic crisis, particularly his most-encompassing emergency decree (DNU) and the so-called Omnibus Law bill currently in Congress.

• Friday, January 12th 2024 - 10:34 UTC

  CPI goes up 25.5% in December in Argentina

  

  Argentina's National Institute of Statistics and Census (Indec) Thursday said the Consumer Price Index (CPI) for December 2023 went up by 25.5% for an interannual total of 211.4%, it was reported in Buenos Aires.

• Thursday, January 11th 2024 - 11:20 UTC

  Argentina gets fresh cash from IMF for impending maturities

  

  The Argentine Government of President Javier Milei Wednesday reached an understanding with the International Monetary Fund (IMF) whereby the global credit agency will make a disbursement of nearly US$ 4.7 billion, Economy Minister Luis Toto Caputo confirmed during a press conference in Buenos Aires.

• Wednesday, January 10th 2024 - 11:21 UTC

  China and new Argentine government find areas to soothe relations

  

  Argentine foreign minister Diana Mondino is proving to be an efficient peace maker. Despite president Javier Milei aggressive rhetoric towards the Beijing regime during and after the electoral campaign, Ms. Mondino seems to have managed a working understanding with the Chinese government.

• Tuesday, January 9th 2024 - 10:59 UTC

  Argentine FM to meet with Chinese ambassador amiid growing tension

  

  Argentine Foreign Minister Diana Mondino is to meet on Thursday or Friday with Chinese Ambassador Wang Wei to discuss a US$ 6.5 billion currency swap brokered by former Economy Minister Sergio Massa last year, among other topics.

• Monday, January 8th 2024 - 12:59 UTC

  Back from Antarctica, Milei calls opponents “useful idiots” and defends 30% inflation

  

  Argentine President Javier Milei returned this weekend to the mainland after touring the Marambio and Esperanza Bases in Antarctica, it was reported in Buenos Aires.

• Monday, January 8th 2024 - 12:50 UTC

  Milei praises Minister Caputo and says 30% monthly inflation would be ”a great achievement”

  

  Argentine President Javier Milei praised Economy Minister Luis Toto Caputo for his management of the country's inflation for December 2023 and said that if it reached 30% it would be “a great number” because previous estimates spoke of 45%.