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