Tag: Argentine economy

• Friday, August 26th 2016 - 10:55 UTC

  Argentina's economy contracts 4.3% year-on-year in June

  

  Argentina's economy shrank 4.3% year-on-year in June, a much sharper contraction than expected in the first official growth data reported during President Mauricio Macri's term.

• Monday, June 13th 2016 - 06:40 UTC

  Argentines feel the economic situation is bad or very bad, but will improve

  

  Most Argentines believe the economic situation is bad or very bad, but are also convinced things are set to improve, according to the latest public opinion poll released which coincides with the first six month of president Mauricio Macri's government. However it must also be mentioned that negative tendencies are increasing while positive ones are declining compared to last 10 December.

• Monday, May 16th 2016 - 07:25 UTC

  Argentina's economy grows 0.8% during first quarter says Central bank

  

  Argentina's economy grew 0.8% on the first quarter of the year compared to the same period last year, Central Bank Governor Federico Sturzenegger said, declaring that since President Mauricio Macri took office employment has remained “stable.”

• Friday, May 6th 2016 - 06:38 UTC

  Bad news for Macri: Moody's forecasts Argentine economy will shrink 1.5%

  

  Despite the Argentine government’s forecast of a much better economic scenario in the second half of the year, credit rating agency Moody’s disagrees, saying the economy is set to shrink by 1.5%, followed by a growing unemployment and an inflation rate well above 30%.

• Friday, April 29th 2016 - 06:18 UTC

  Latam and Caribbean forecasted to contract 0.5% in 2016, worst two-year since 1982, says IMF

  

  Latin America and the Caribbean will post an overall 0.5% economic contraction in 2016, the International Monetary Fund forecast in its latest report, capping the region's worst two-year period since the 1982 debt crisis. But the IMF said the region is expected to rebound to 1.5% growth in 2017, avoiding the “lost decade” phenomenon that marked the 1980s.

• Friday, April 29th 2016 - 06:08 UTC

  IMF praises Argentina's new focus despite an expected contraction of 1% this year

  

  Argentina's GDP is expected to contract by about 1% in 2016, according to the latest IMF Regional Economic Outlook; Western Hemisphere, announced on Wednesday in Mexico. The chapter on Argentina makes a special mention of the new government's changes to remove macroeconomic imbalances.

• Friday, December 18th 2015 - 09:14 UTC

  Argentine minister 'satisfied' with the market response on first day without the dollar clamp

  

  Argentina's Finance Minister Alfonso Prat Gay said on Thursday that the first day in the market without the dollar restrictions imposed by the previous administration, had been positive and as they had planned or expected. Compared to the previous multi-tier system, the dollar appreciated in the range of 25% against the Peso in the unified market.

• Wednesday, November 25th 2015 - 08:09 UTC

  An Anti-incumbency Vote Whose Effects Will be Seen Beyond Argentina

  

  By Rengaraj Viswanathan (*) Mauricio Macri’s win will inspire the centre-right opposition parties that hope to replace leftist governments in Brazil and Venezuela but it is too early to declare, as some observers are doing, that the result marks the end of the Left in the region

• Saturday, November 14th 2015 - 11:52 UTC

  Argentina needs confidence and positive expectations to attract investment and develop

  

  Any country, any economy needs confidence and positive expectations, and that is what is lacking, and has been lacking in Argentina for many years, said Jorge Brito, head of the Association of Argentine banks, who nevertheless warned about the impacts of a 'rough' adjustment on the economy.

• Tuesday, September 29th 2015 - 05:17 UTC

  Cristina Fernandez points her guns to the US and 'vulture funds', but no word on the Falklands

  

  Addressing the UN General Assembly, President Cristina Fernandez accused the United States of 'protecting' a former Argentine intelligence agent, blasted the speculative or 'vulture funds', gave details of the Iran-US-Argentina dealings and to everybody's surprise did not mention a word about the Falkland Islands sovereignty claim.