Spenders and savers in Argentina are in for a nightmare this month and next as the economy experiences a rare time of abnormality. The primary goal of the first hundred days of Alberto Fernández’s presidency, which now seem like another century, was to revive the country by forming a socioeconomic council consisting of the conventional … Read more
The biggest employer in Argentina, small and medium-sized enterprises saw their spending fall 25.5% year-over-year in February, continuing a streak of double-digit declines. As Argentina sinks further into recession due to President Javier Milei’s austerity measures, consumers have little choices for protecting themselves against spiraling prices. Argentine business organization CAME released statistics on Sunday evening … Read more
The University of Torcuato Di Tella has released a study on inflation expectations, and it predicts a rate of 170% in the coming year. A new survey found that Argentines predict inflation to be 170.8% next year, which is down over 60 percentage points from the previous forecast made a month ago. The Universidad Torcuato … Read more
Months of research led to the compilation of this list of the 20 largest landowners in Argentina. Its stated goal is to set the stage for the continuing discussion of land ownership and the government’s effort to remove regulations limiting foreign ownership. Disputes have flared up again in Argentina following President Javier Milei’s recent effort … Read more
The cooks at an Argentine soup kitchen are concerned that their meager supply of pasta will not be sufficient to fill the empty plastic containers left by hungry guests. Carina López, 50, is the manager of ‘Las hormiguitas viajeras’, a community dining hall in Loma Hermosa, a disadvantaged neighborhood in San Martín, north of Buenos … Read more
In his first full month in office, President Javier Milei proceeded to impose portions of his shock therapy economic strategy, which resulted in a monthly slowdown in Argentina’s consumer prices. January’s inflation fell to 20.6 percent from a month earlier, little less than the 21 percent predicted by economists. Prices increased by 254.2 percent from … Read more
Buenos Aires City’s inflation increased to 21.7% last month due to increases in food, fuel, and transportation costs, according to City Hall. According to January data from City Hall’s Statistics and Census Directorate, consumer prices have increased by 238.5 percent in the previous year. According to the government agency’s data, inflation picked up steam last … Read more
The International Monetary Fund’s executive board has approved a US$4.7-billion disbursement to the government of Argentine President Javier Milei, according to a person with direct knowledge of the matter. The payments are part of a refinanced US$44-billion programme, the lender’s largest, that was beset by uncertainty for months during the election campaign that saw Milei … Read more
Economy Minister Luis Caputo announces President Javier Milei’s government will withdraw the fiscal chapter of its sweeping ‘Omnibus bill’ reform package to ease its passage through Congress. President Javier Milei’s government is withdrawing key fiscal measures from its sweeping ‘Omnibus bill’ reform package after facing stiff political opposition, Economy Minister Luis Caputo announced late Friday. … Read more
President Javier Milei will propose new rules to increase the number of Argentines paying income tax as part of a strategy to shore up government finances, according to two government officials familiar with the plan. The proposal that will be sent to Congress on Tuesday establishes that individuals making more than 1.3 million pesos (US$1,583) … Read more