According to the latest issue of the International Monetary Fund's World Economic Outlook (WEO) report, Argentina's Gross Domestic Product (GDP) is expected to fall 3.5% in 2024, which represented a setback from the 2.8% predicted back in April. Regarding next year, the IMF kept the 5% growth projection unchanged.
Brazilian President Luiz Inácio Lula da Silva insisted that he was not talking to his Argentine counterpart Javier Milei until the latter apologized to him and his country for his derogatory remarks during last year's campaign in which the Libertarian leader spoke of a “corrupt Communist” while remaining close to Lula's adversary and then incumbent Jair Bolsonaro.
Argentine President Javier Milei admitted that his country's process of curbing inflation would be making a pause from the 4.2% the National Institute of Statistics and Census (Indec) announced for May this year. In addition to a rebound in the decline, there will be no zero deficit, the Libertarian leader also admitted.
According to the latest World Economic Outlook report released Tuesday by the World Bank from its headquarters in Washington DC, Argentina's economy is expected to fall sharply this year, thus becoming the Latin American country going through the tightest contraction in the region before rebounding in 2025. The study projected a 3.5% drop this year followed by a 5% surge in 2025, thus outperforming the rest of the continent.
Argentina will not endorse the World Health Organization (WHO) sponsored Pandemic Treaty, Presidential Spokesperson Manuel Adorni announced Monday.
The Organizing Committee of Argentina's Gay Pride March issued a statement on its social media condemning recent statements from Worship Secretary Francisco Sánchez while accompanying President Javier Milei on his Spanish tour which included a stop at a get-together of far-right political forces hosted by Vox and where the South American leader delivered a speech that resulted in Madrid's Socialist administration pulling its ambassador from Buenos Aires.
Rumors are mounting in Buenos Aires that Cabinet Chief Nicolás Posse's remaining days in office are numbered and that his exit is already a matter of when and not of if, despite the Libertarian Government of President Javier Milei repeatedly denying the possibility. Posse did not attend Milei's rock star event this week and would not be traveling to Córdoba for Saturday's main May 25 national holiday celebrations.
The blue version (a euphemism for black market) of the US dollar against the Argentine peso was still going up Wednesday as President Javier Milei was planning to make his first appearance as the leader of a rock band at Buenos Aires' iconic Luna Park stadium. According to local media, one US dollar was quoted at AR$ 1,235 / 1,255 (buy sell at Buenos Aires' caves (unofficial money exchange parlors), which represented an AR$ 25 increase from the previous day for a 41% gap with the official rate.
Argentine President Javier Milei insisted on questioning Spanish Prime Minister Pedro Sánchez's wife's clear sheet and triggered yet another diplomatic controversy for the South American country since he took office on Dec. 10, 2023.
Argentina's Presidential Spokesman Manuel Adorni said in an interview with Montevideo's El País that Presidents Luis Lacalle Pou and Javier Milei had different points of view regarding the State's role in each country's economy. The official also addressed the delay in materializing an encounter between both heads of state despite the short geographical distance separating them.