Argentine consumer prices rose 3.1% in May, the government’s official statistics agency said on Thursday. Accumulated inflation in the 12 months through May came to 57.3%, and year-to-date inflation was 19.2%, according to the National Census and Statistics Institute, known by its acronym, INDEC.4 comments
Uruguay is experiencing, in recent months, a marked drop in investment and the generation of employment. Uruguayan Economy Minister Danilo Astori admitted Wednesday the fall of public accounts, with an annualized fiscal deficit in April that was 4.8% of GDP, and opted to provide greater incentives to investors and entrepreneurs. The Uruguayan press accuses the government of betting on the hope that the results will begin to be felt in the second half of the year, as it was heard a while ago in Argentina under the administration of President Mauricio Macri.
China must prepare for difficult times as the international situation is increasingly complex, President Xi Jinping said in comments carried by state media on Wednesday, as the country faces increased tariffs in a bitter trade war with Washington.
Argentina’s biggest labor union on Tuesday called for a 24-hour national strike to protest the government’s austerity policies, heaping pressure on President Mauricio Macri as he battles against a biting recession and jittery markets.
Argentina's industrial output slid a steeper-than-expected 13.4% in March compared with the same month last year, the government's Indec statistics agency said on Monday, as the recession-hit economy struggles to return to growth.
Argentine unions, small business owners and activists took to the rain-drenched streets of Buenos Aires on Thursday to protest against austerity measures under President Mauricio Macri, which they blame for amplifying worker hardships and sapping growth.
Argentina has requested a waiver from the International Monetary Fund as some data would not be available in time for the fund's third review this week of US$ 56.3 billion in standby financing agreed last year, a Treasury spokesman said on Wednesday.
Sales of new cars in Argentina collapsed by almost 50% in the first quarter of 2019, the Association of Automobile Dealers of Argentina (ACARA) said Monday. Sales fell by 49.5% in the year-on-year comparison, with purchases down 50.4% in March year-on-year too, said ACARA.
The poverty rate in Argentina during the second half of 2018 rose to 32%, or six percentage points from the same period the previous year, while 6.7% of citizens are living in a state of extreme poverty or indigence. The data was released by the INDEC Argentina's official statistics bureau on Thursday.
In Uruguay, the dollar traded at noon on the state bank Banco Republica (Brou) board at $ 33.20 for the purchase and $ 34.60 for the sale, 45 cents above the close price on Tuesday. On the board of private exchanges, the currency to the public came to sell at $ 34.80 and $ 34.90.