Tag: Argentina's economy

• Friday, July 26th 2019 - 09:59 UTC

  Argentina's economy lifting out of recession: activity rises in May for the first time in a year

  

  Argentina’s economic activity rose for the first time in over a year in May, a rare boost for President Mauricio Macri as he looks to dig the South American country out of a crippling recession ahead of presidential elections later this year.

• Tuesday, January 30th 2018 - 10:24 UTC

  Macri implements pay freeze and eliminates 1.000 “political positions”

  

  President Mauricio Macri said on Monday that government employees in Argentina won't receive pay raises this year as part of a string of measures aimed at cutting spending. Macri also announced the elimination of 1,000 “political positions” and the firing of family members appointed as advisers by government ministers. The measure is expected to save the government about US$75 million.