US President Donald Trump stated that he could mediate the ongoing dispute between Argentina and the UK regarding the Malvinas (Falkland) Islands if requested. He also expressed scepticism about the British government’s capacity to mobilise resources for the defence of the territory if necessary. On Saturday, Trump was enquired about a recent telephone conversation with … Read more
Household debt defaults are not a threat to Argentina’s economy, given that household debt levels are relatively low compared to other Latin American countries, stated International Monetary Fund spokesperson Julie Kozack on Thursday. “We are, of course, monitoring the recent increase in household delinquency rates. “We are, of course, monitoring the recent increase in household … Read more
The demand for dollars in Argentina has reverted to levels reminiscent of the market sell-off experienced last year, despite the unexpected stabilising effect of the conflict in Iran on President Javier Milei’s currency policies. In July, Argentines’ acquisitions of US banknotes surged by 35 percent month-on-month, reaching US$3.4 billion. This figure marks the highest monthly … Read more
Reported wages in both the public and private sectors represent some of the most adversely affected indicators since the inauguration of President Javier Milei. Official figures indicate that wages have decreased by 8.2% since November 2023, although there has been a 1.1% recovery over the past three months. This gap is even wider when employing … Read more
Throughout history, the relationship between the International Monetary Fund and Latin America and the Caribbean has been turbulent, marked by numerous economic crises and debt defaults. A turning point in this relationship occurred in the early 2000s, when numerous countries from the region annulled their debt with the lender. The conclusion of the pandemic, however, … Read more
After a 2025 characterised by unprecedented levels of Argentines travelling abroad – and a corresponding record outflow of foreign currency – the latest data indicate a reversal in this trend: a decline in the number of Argentines vacationing overseas, coupled with an increase in the arrival of foreign tourists to the country. In July, the … Read more
As Javier Milei’s administration endeavours to maintain its fiscal surplus and bolster Central Bank reserves to enhance its position in international debt markets, a new challenge has arisen from abroad in recent days: the United States itself. The speech delivered by Federal Reserve Chair Kevin Warsh on Friday at the Jackson Hole conference caused markets … 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
Asian refiners have escalated their acquisitions of Argentine crude due to the disruptions in supply from the Middle East caused by the Iran war, which has intensified competition for barrels from alternative regions. In recent weeks, processors in Japan, South Korea, and China have acquired Argentina’s Medanito oil, with at least one cargo reportedly loaded … Read more
Concerns regarding the potential effects of generative artificial intelligence on the labour market are prevalent across numerous nations. Argentina is not an outlier. Indeed, there are justifiable reasons for this apprehension. It is the Latin American nation with the highest degree of occupational exposure to GenAI, according to a recent study conducted by the Economic … Read more
