Tag: economic crisis

Thursday, June 27th 2019 - 09:49 UTC
Former intelligence chief claims Maduro is head of criminal enterprise looting Venezuela

Venezuela's former intelligence chief, Cristopher Figuera, who fled the country after backing a failed uprising against President Nicolas Maduro in April, has told the Washington Post the regime could still fall.
Friday, June 14th 2019 - 09:40 UTC
Argentine inflation 3.1% in May and 57.3% in twelve months

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.
Wednesday, June 5th 2019 - 21:00 UTC
Uruguay: Finances don't grow; Economy Minister estimates an improvement for the second semester, as Macri did

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.
Thursday, May 23rd 2019 - 08:49 UTC
President Xi tells China to prepare for increasingly complex and difficult times

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.
Thursday, May 16th 2019 - 09:44 UTC
Argentina's unions decided a 24-hour national strike on 29 May

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.
Tuesday, May 7th 2019 - 09:40 UTC
Argentina's recession steams on: industrial output in March dropped 13.4%

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.
Friday, April 5th 2019 - 09:26 UTC
Argentines take to the streets under pouring rain to protest Macri’s austerity

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.
Thursday, April 4th 2019 - 09:43 UTC
Argentina requests waiver ahead of IMF's third review to further release funds

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.
Tuesday, April 2nd 2019 - 09:50 UTC
Sales of new cars in Argentina crash 50% in first quarter of the year

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.
Saturday, March 30th 2019 - 08:18 UTC
A third of Argentines, and one in two children living in poverty conditions, according to official data

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.