Next October Argentines will be going to the polls to vote for president and renew Congress which anticipates a rough political eight months, but before that the administration of President Cristina Fernandez de Kirchner has to weather a round of labour contracts which will be demanding strong adjustments because of the “prices distortion and dispersion” since the word ‘inflation’ has been erased from the official jargon.
Argentina’s January trade surplus in January confirmed the shrinking tendency increasingly present all along 2010 as imports’ growth outpaced exports by two to one.
Argentina’s industrial output climbed 10.3% during January compared to the same month in 2010, according to the Indec national statistics bureau. The volume reported was higher than the one expected by analysts, who had announced an 8.1 percent increase of the Industrial Monthly Estimator (EMI) in January.
Argentina's unemployment rate fell to 7.3% in the fourth quarter of 2010, according to a Tuesday release from the country’s national statistics institute, Indec. Argentine President Cristina Fernandez de Kirchner had announced the number informally in a speech last week.
President Cristina Fernandez de Kirchner announced Friday that Argentina’s economy is 2010 expanded 9.1% and unemployment in the fourth quarter experienced a further drop and now stands at a record low of 7.3%.
The number of foreign tourists visiting Argentina jumped 27.1% in 2010 compared to the year before, while dollars spent increased 25.9% according to air and sea arrivals and City of Buenos Aires numbers compiled by the country’s Statistics and Census Office, Indec.
Imports restrictions imposed this week by the Argentine government with the purpose of “preserving the re-industrialization process” cover approximately 200 products totalling annual imports of a billion US dollars, according to preliminary reports.
A majority of Argentines, 74%, believes that inflation is harming their finances and a similar percentage, 74%, considers the administration of President Cristina Fernandez de Kirchner is hardly interested in the issue, according to a public opinion poll published Sunday in Buenos Aires La Nacion.
The head of Argentina’ powerful Business Leaders Association (ADE) urged the government to “stop denying inflation” and rejected the notion that businessmen are responsible for price hikes.
Argentina's current account balance--the broadest measure of a country's transactions with the rest of the world—posted a 900 million US dollars surplus in the third quarter, but was down slightly from expectations and the performance from a quarter earlier.