Tag: Argentine economy

• Saturday, January 18th 2020 - 08:58 UTC

  Support words from IMF chief for Argentina's efforts to recover the economy

  

  International Monetary Fund Managing Director Kristalina Georgieva said on Friday the lender has had “very constructive” exchanges with Argentina's new Peronist government and would do whatever possible to assist the indebted country.

• Wednesday, January 8th 2020 - 09:49 UTC

  S&P admits a mistake and raised its debt grade for Argentina to CCC

  

  S&P Global Ratings raised its debt grade for Argentina on Tuesday, acknowledging the agency made a mistake when it changed the rating in late December for the crisis hit country.

• Thursday, January 2nd 2020 - 08:59 UTC

  Argentine president calls for “social responsibility” from business people, otherwise government will intervene

  

  Argentine president Alberto Fernandez called for “social responsibility” from business people demanding they don't increase prices above reasonable levels, since “fighting inflation is a battle that involves all of us”.

• Saturday, December 28th 2019 - 09:48 UTC

  Argentina's unemployment in the third quarter rose to 9.7%

  

  Argentina’s unemployment rate rose to 9.7% in the third quarter versus 9.0% in the same period last year, marking one of the highest rates recorded in recent years, the official INDEC statistics agency said.

• Saturday, December 7th 2019 - 09:50 UTC

  Future Argentine economy minister is US trained and an academic expert in sovereign debt

  

  Argentina’s Martin Guzman, a whiz-kid economist with close ties to influential U.S. economist Joseph Stiglitz, will bring a sharp academic intellect but little policy-making experience to the daunting task of reviving Latin America’s third-largest economy and averting a damaging default.

• Tuesday, November 26th 2019 - 09:48 UTC

  Argentina 2019: annual inflation of 55% and economy contraction of 2.7%

  

  Argentina will finish 2019 at 55% annual inflation, the country’s treasury minister said on Monday, capping off a tumultuous year for Latin America’s No. 3 economy that also saw voters usher in a new leftist government.

• Tuesday, September 24th 2019 - 09:26 UTC

  Argentina Needs Intensive Care

  

  By Anne Krueger (*) - Argentina's President Mauricio Macri knew that he had inherited a sick economy when he took office in 2015, but failed to take his medicine. As a result, the country now has no choice but to face up to a period of painful structural adjustment.

• Friday, September 13th 2019 - 12:49 UTC

  Argentine central bank announces further currency controls

  

  Argentina's central bank this week announced further currency controls in an effort to tame speculation and stem a spiraling debt crisis in Latin America's third-largest economy.

• Friday, September 13th 2019 - 12:38 UTC

  August inflation in Argentina reverses tendency and again shoots up: 4%

  

  Prices in Argentina shot up last month after a shocking primary vote plunged the peso, reversing four months of declines.

• Friday, September 13th 2019 - 11:51 UTC

  Argentine budget forecasts a 2.6% contraction this year, and 1% growth in 2020

  

  Argentina's inflation rate is expected at 53% in December 2019, but will fall back to 34% the following year, according to projections in the forthcoming 2020 budget, treasury officials said this week.