The manufacturing sector experienced significant challenges in July, exacerbating the ongoing crisis that has persisted since the introduction of President Javier Milei’s austerity plan. Official data from the statistics bureau INDEC indicates that industrial activity experienced a decline of 4.9% year-over-year in July. Cumulative decline in 2026 is recorded at 3%. The most alarming figure, … Read more
The absence of a prolonged economic recovery, which constitutes the primary challenge facing President Javier Milei’s economic strategy, has once more come to the forefront. Total tax revenue data for August was reported on Tuesday at AR$20.51 trillion. Despite a 33.5% year-over-year increase relative to August 2025, consulting firm ACM determined that, when accounting for … Read more
Javier Milei’s administration has unveiled a set of initiatives in recent days designed to stimulate domestic demand and, in turn, an economy that struggles to gain momentum. The libertarian administration has expanded dollar bank lending to encompass a wider range of companies, not limited to exporters. Concurrently, reports from the Labour Secretariat indicate that it … Read more
On Wednesday, Economy Minister Luis Caputo unveiled a plan to boost mortgage lending in Argentina at AR$2 trillion (US$1.3 billion at the official rate). “The 2 trillion pesos we would be auctioning would provide housing solutions for 17,000 to 18,000 families,” he said at a conference on Wednesday morning. The funds will be sourced from … Read more
President Javier Milei’s initiatives to rejuvenate Argentina’s economy, following years of stagnation, are encountering diminishing momentum, presenting additional political challenges as the nation approaches next year’s election. Economists have revised their growth projections for this year down to 2.7 percent, a decrease from the 3.5 percent anticipated last December. It falls short of the five … Read more
A leading consultancy firm in Buenos Aires is projecting a historic year for Argentina’s exports, indicating that they may surpass the US$100-billion threshold by 2026. LCG, established by economist and politician Martín Lousteau alongside lawyer Esteban Javier Conte Grand, forecasts that exports will reach US$103.74 billion in 2026 – an increase of US$16.6 billion from … Read more
During the campaign trail for the 2023 presidential elections, Javier Milei identified tax reductions and inflation control as pivotal components of his electoral platform. On multiple occasions, he referred to taxes as a “robbery” that the state imposes on its citizens. For the majority, he has upheld that commitment. A recent survey by the Argentine … Read more
President Javier Milei reappeared after several days without a public appearance, delivering an effusive speech in which he dismissed concerns over rising unemployment, falling wages and companies closing during his administration. “Let’s see the kind of stupid things people repeat every day, like ‘people can’t make ends meet,’ or ‘technologic progress destroys jobs’?” he said … Read more
The discourse between the government and the opposition regarding the erosion of purchasing power and subdued retail sales progressed into a new phase on Friday. A private report indicated that, although consumer spending in July experienced a 4.2% monthly increase, sales have not yet returned to the levels observed last year. Year-over-year, sales have decreased … Read more
The Milei administration has been asserting for several months that the purchasing power of Argentines is on the mend following the significant fiscal adjustment of 2024 — even going so far as to claim it has already exceeded the levels observed during Alberto Fernández’s presidency. That assertion relies on a particular metric: the registered private-sector … Read more
