Having dedicated the first half of his term to a successfully maintained and electorally vindicated consolidation of a fiscal surplus, President Javier Milei identifies a primary challenge for the second half as positioning Argentina on a sustained growth trajectory. He benefits from a recent electoral mandate that facilitates consensus-building, a weakened opposition facing an ongoing … Read more
Argentina and Poland are nearly “a perfect match” and ought to leverage the prevailing global tensions to enhance cooperation and increase trade, according to the deputy foreign minister of the European nation. “As global unpredictability increases, conflict looms at Poland’s threshold. Global trade is experiencing notable shifts and emerging threats, with Poland and Argentina positioned … Read more
Elon Musk’s Starlink Internet service and Argentine telecommunications provider Telecentro have announced the extension of their strategic alliance. In a span of 15 days, the two companies are set to implement mobile Internet connections and deploy 300 antennas at 300 rural educational institutions throughout Catamarca Province. Additionally, they will connect 113 schools in the Puna … Read more
The INDEC, provided an explanation of its methodology for calculating economic activity figures for September, revealing growth despite widespread expectations among economists of an impending recession. Source indicated that the rise was primarily attributable to a statistical correction stemming from its seasonal adjustment methodologies and the robust performance of the financing sector. The incorporation of … Read more
The state-owned energy company YPF announced that it has partnered with Italy’s ENI to begin the process of searching for oil in the waters surrounding Uruguay. Through the agency of its state-owned oil company, Ancap, Uruguay has an ongoing exploration agreement in place with foreign companies in seven offshore zones. In a statement, it was … Read more
The diplomatic pivot of the Javier Milei administration towards Washington presents a strategic opportunity for US President Donald Trump to begin diminishing China’s influence in Latin America. Scott Bessent, serving as Treasury Secretary under Trump, articulated this within the framework of mobilizing financial support: “Milei is committed to getting China out of Argentina,” he stated … Read more
In September, Argentina’s economic activity experienced a 0.5% uptick compared to August, and a notable 5% increase when juxtaposed with the same month in the prior year. The economy experienced a growth of 0.5% in the third quarter, successfully sidestepping a recession. Tuesday’s figures from the government’s INDEC statistics institute caught some analysts off guard, … Read more
Despite the fact that the economy of Argentina experienced growth that was more than what had been expected in the month of September, this occurred in the midst of a situation in which the volatility of the market had been exacerbated by municipal and national midterm elections. According to an announcement that was made on … Read more
Emerging-market money managers are focusing their attention on Latin America for their next significant trade, as a series of forthcoming elections may reshape the political landscape of the region, possibly bringing several countries into closer alignment with Donald Trump. The resurgence of interest follows Argentina’s substantial rally in the wake of President Javier Milei’s victory … Read more
Argentina has reached a historic peak in imports of consumer goods, despite local manufacturers claiming they are “blowing out” inventory to manage operating expenses. This situation unfolds amid a decline in household purchasing power, as families find themselves increasingly unable to keep up with their debts. The government remains steadfast in its strategy, despite the … Read more