Argentina’s economic activity declined by 1.4% in July relative to the same month the previous year, according to data released by the country’s official national statistics agency on Thursday. The decline for Latin America’s third-largest economy fell short of the 1.8% growth anticipated by analysts and represented a drop from the 2.7% increase noted in … Read more
Argentina’s enduring fixation on the U.S. dollar stems from a history marked by recurrent economic crises and persistent inflation. It is also one of the factors contributing to the swift adoption of cryptocurrency in the country. An analysis reveals that Argentina boasts a user base four times larger than the average Latin American nation: 12% … Read more
The JPMorgan EMBI+ index for Argentina, referred to as “country risk,” has been on an upward trajectory in recent weeks, driven by uncertainty related to the upcoming elections, recent economic indicators, and a decline in reserve acquisitions by the Central Bank. Renewed volatility in United States Treasury bonds over the last week – which sent … Read more
The Andes-Atlantic Corridor plan, a bilateral project aiming at investing up to US$7 billion in 2027 to enhance key infrastructure, was announced by Argentina and the United States on Wednesday. The agreement was executed in New York by Foreign Minister Pablo Quirno and U.S. Deputy Secretary of State Christopher Landau. The agreement centers on energy, … Read more
Economic activity declined by 2.9 percent in July, adjusted for seasonal variations, compared to the previous month – marking the most significant monthly decrease since the onset of the Covid-19 pandemic. Data released by the INDEC national statistics bureau on Thursday indicated that Argentina’s monthly economic activity estimator, or EMAE, experienced a decline of 1.4 … Read more
Polywork, defined as holding two or more jobs, has been experiencing notable growth in recent years. Recent data, however, indicates that the phenomenon has intensified since President Javier Milei assumed office. A September report indicates that slightly more than 2 million individuals in Argentina hold multiple jobs, representing approximately 10% of the economically active population. … Read more
Advisers to President Javier Milei in Argentina have informed the administration of US President Donald Trump that they lack the necessary votes in the nation’s Congress to ratify the bilateral trade agreement signed last February, according to sources familiar with the situation. Milei’s administration seeks to revisit the terms in light of the US Supreme … Read more
President Javier Milei has received encouraging news regarding the outlook for 2027, as preliminary assessments from the agricultural sector indicate a potential record in grain production for the upcoming year. Projected production is 158 million tonnes, according to estimates from the Buenos Aires Grain Exchange, a prominent trade association within the Argentine agricultural sector. This … Read more
President Javier Milei is set to travel to the United States this evening to participate in the 81st United Nations General Assembly in New York. Milei, 55, is set to address the General Assembly on Wednesday and will utilise his remaining time in the US to engage in discussions with economists, business leaders, and representatives … Read more
Argentina now has the best terms of trade in its history because of the increase in the price of mining, oil, and agricultural commodities. This indicates that the ratio of export to import prices in Argentina has achieved a historic peak. The issue at hand is that the expansion observed in the primary sectors is … Read more
