Month: February 2023

Argentina Inflation

Analysts say Argentina’s inflation will overshoot government targets

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Private estimates agree that prices are likely to rise 20% in the first quarter of 2022, with inflation set to accelerate next month, pushing Sergio Massa’s stated 3% target for April way out of reach. Food prices in Argentina shot up again in February, overheating the consumer price index and pushing the national government further … Read more

Argentina World Cup Win

Not even a World Cup win can save Argentina’s economy from decline

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Argentina’s economy contracted more than expected in December even after the country won its much-celebrated third World Cup title, confirming the view that the nation will likely enter recession later this year. Economic activity declined one percent in December from November, the fourth straight month of declines, according to government data published Thursday. From a year … Read more