In what amounts to rare praise for Argentina’s politics and economic policies, global anti-poverty charity Oxfam hailed the Alberto Fernández administration’s one-off capital levy on wealthy citizens this week, calling on other nations to follow suit. In reaction to the pandemic, countries should raise wealth taxes like Argentina, Oxfam told the Davos Economic Forum (held … Read more
Argentina’s aviation authorities have instructed carriers to dramatically reduce the number of flights to a number of countries to reduce the risk of Covid-19 contagion. The National Administration of Civil Aviation (ANAC) this week sent a bulletin to airlines instructing them to cut the amount of flights to Brazil, Mexico, the US and a handful European … Read more
Humanity’s unbridled growth in recent decades has come at a “devastating cost to nature” according a wide-ranging international review on the vital economic role played by our living planet. The 600-page rundown of scientific material commissioned by the British government highlighted the precarious state of biodiversity and warned that only a sea change in how … Read more
The coronavirus pandemic has triggered the steepest drop in Latin American foreign trade in 2020 since the global financial crisis more than a decade ago, a UN body said Friday. Exports from the region are estimated to have fallen 13 percent in value in 2020, and imports by 20 percent, the UN Economic Commission for Latin … Read more
No prophet is welcome in his own country, they say, and that would also seem to apply to architects. Tucumán’s César Pelli (1926-2019) completed the Petronas twin towers in Kuala Lumpur in 1998, the world’s highest building for the next six years at 452 metres and still the world’s tallest twin towers. A decade later … Read more
Argentina posted its first trade deficit since August 2018 as exports collapsed after a lengthy strike in some port operations. The country recorded a trade deficit of US$ 364 million in December, compared to a US$ 500-million surplus forecast by economists in a Bloomberg survey, government data published Tuesday showed. While imports grew 25 percent … Read more
Consumers in Argentina expect prices to rise by a whopping 45 percent this year, with many anticipating a surge in inflation over the next 12 months. The latest version of the Inflation Expectations Survey, prepared monthly by the Centre for Finance Research at the Torcuato Di Tella University, revealed that the majority of consumers believe … Read more
Argentina’s government has extended the closure of its borders, extending a decree that prohibits non-resident foreigners from entering the country until the end of this month without special dispensation. The decree – published in the Official Gazette on Monday and signed by Cabinet Chief Santiago Cafiero, Interior Minister Eduardo ‘Wado’ de Pedro and Health Minister … Read more
The International Monetary Fund raised its forecast for global growth this year, betting the rollout of coronavirus vaccines and more fiscal stimulus will offset the immediate challenge posed by the resurgent pandemic. Global gross domestic product will soar 5.5 percent this year, faster than the 5.2 percent projected in October, the Fund said Tuesday. It credited … Read more
Argentina’s 2020 trade volume was US$ 97.24 billion, 14.9 percent down from the previous year, but with a trade surplus of US$ 12.528 billion, the INDEC statistics bureau reported on Tuesday. December weighed in with the only trade deficit of the year, US$ 364 million from exports of US$ 3.544 billion and imports of US$ … Read more