Economy

• Tuesday, June 24th 2025 - 10:25 UTC

  Argentina's GDP grows 5.8%, Indec reports

  

  Argentina's Gross Domestic Product (GDP) grew by 5.8% year-over-year and 0.8% compared to the last quarter of 2024 in the first quarter of 2025, the National Institute of Statistics and Census (Indec) reported Monday in Buenos Aires.

• Tuesday, June 24th 2025 - 10:12 UTC

  IMF mission arriving in Buenos Aires to monitor progress

  

  A technical mission from the International Monetary Fund (IMF), led by Bikas Joshi, is due in Buenos Aires on Tuesday to conduct the first review of Argentina's new economic program. The proceedings were initially set for June 15 but postponed to allow more time for the Libertarian Government of President Javier Milei to meet reserve targets.

• Monday, June 23rd 2025 - 10:31 UTC

  Will Iran block the Strait of Hormuz?

  

  In response to the United States' attack on Saturday, the Iranian Parliament has approved closing the Strait of Hormuz. The decision, which could hinder international trade significantly, particularly that of oil, is awaiting approval from Iran's Supreme National Security Council.

• Monday, June 23rd 2025 - 10:00 UTC

  Bolivia says US attacks on Iran were “arbitrary”

  

  Bolivia's President Luis Arce Catacora and the South American country's government condemned the US military strikes on Iran's nuclear facilities at Fordow, Natanz, and Isfahan, calling them an “arbitrary attack” that violates international law and the UN Charter.

• Friday, June 20th 2025 - 09:07 UTC

  Argentina: unemployment hits record figures

  

  Argentina's unemployment rate rose to 7.9% in Q1 2025, the highest since Q3 2021, up 0.2% from Q1 2024 and 1.5% from Q4 2024, according to a report from the National Institute of Statistics and Census (Indec) released Thursday in Buenos Aires.

• Thursday, June 19th 2025 - 09:49 UTC

  Brazil: Selic rate upped for the seventh straight time

  

  Despite falling inflation, Brazil's Central Bank (BCB) raised the Selic interest rate on Wednesday by 0.25 percentage points to 15%, its zenith since 2006, citing ongoing economic uncertainty. The unanimous Monetary Policy Committee's (Copom) move surprised local markets, who anticipated it would stay at 14.75%.

• Wednesday, June 18th 2025 - 09:38 UTC

  Chile's Central Bank keeps basic interest rate at 5%

  

  Chile's Central Bank decided Tuesday to maintain the monetary policy interest rate at 5%, unchanged since December 2024, due to global economic uncertainties, particularly from escalating trade tensions and the Iran-Israel conflict in the Middle East, which pose risks to the US and global economies.

• Monday, June 16th 2025 - 10:55 UTC

  Barrage of chaisaw decrees expected in Buenos Aires

  

  After President Javier Milei returned Saturday from a ten-day tour including key European cities plus Israel, Buenos Aires is bracing for a barrage of further chainsaw decrees aimed at cutting down State spending as the powers in this regard delegated onto the head of State are to expire on July 8.

• Friday, June 13th 2025 - 09:29 UTC

  Indec says Argentina's inflation in May stood at 1.5%

  

  Argentina's Consumer Price Index (CPI) recorded a 1.5% increase last month, the National Institute of Statistics and Census (Indec) announced Thursday. It was the lowest monthly inflation rate since May 2020 and closer to 1.4% from November 2017.

• Wednesday, June 11th 2025 - 20:01 UTC

  Canadian PM invites Lula over to G7 Summit

  

  Brazilian President Luiz Inácio da Silva of Brazil will be attending the G7 Summit in Kananaskis, Canada, on June 17, following an invitation from Prime Minister Mark Carney. The South American leader will participate in an extended session with other invited nations, including South Africa, Australia, and India, and will also hold a bilateral meeting with Carney.