Javier Milei is actively working to eliminate all remnants of Peronism, which has been the prevailing form of populism in Argentina, as he seeks to transform the country into a free-market stronghold. In a striking display of political change, images of Eva Perón have been removed from government offices, while statues of former president Néstor … Read more
The ongoing trade war raises significant concerns regarding its potential impact on the growth trajectory of Argentina’s GDP for the current year. Analysts are in consensus regarding the trade war initiated by Donald Trump’s significant tariff impositions. While it may not have an immediate direct impact on Argentina—an assessment that may be considered hasty—it certainly has … Read more
Milei seeks support from the IMF and aims to secure a trade agreement with Trump. On Thursday, President Javier Milei engaged in a significant outreach effort, seeking vital backing from US President Donald Trump during an event held in Florida. During a brief visit to the United States, lasting under 24 hours, the head of state made … Read more
Trump ignites a trade conflict by imposing significant tariffs, including a 10% levy on Argentina. US President Donald Trump has initiated a significant global trade conflict as he imposed a 10-percent tariff on imports from various countries, alongside imposing stringent additional levies on major trading partners. In a significant announcement from the White House Rose Garden, … Read more
Approximately 50% of individuals in Mexico, Argentina, and Brazil express a desire for their governments to respond to the tariffs imposed by Trump, while a marginally lower percentage of Colombians and Chileans hold similar views. Concerns regarding US tariffs are prevalent among Latin Americans; however, there exists a spectrum of opinions regarding the appropriate responses their … Read more
Market participants are positioning themselves for a depreciation of the Argentine peso in anticipation of Milei’s impending agreement with the IMF. Investors are anticipating another potential devaluation of Argentina’s peso, as the currency appears ready to shift trajectory once again, having transitioned from one of the weakest in the world in 2023 to one of the … Read more
The University of Torcuato Di Tella has released a study on inflation expectations, and it predicts a rate of 170% in the coming year. A new survey found that Argentines predict inflation to be 170.8% next year, which is down over 60 percentage points from the previous forecast made a month ago. The Universidad Torcuato … Read more
The cooks at an Argentine soup kitchen are concerned that their meager supply of pasta will not be sufficient to fill the empty plastic containers left by hungry guests. Carina López, 50, is the manager of ‘Las hormiguitas viajeras’, a community dining hall in Loma Hermosa, a disadvantaged neighborhood in San Martín, north of Buenos … Read more
In his first full month in office, President Javier Milei proceeded to impose portions of his shock therapy economic strategy, which resulted in a monthly slowdown in Argentina’s consumer prices. January’s inflation fell to 20.6 percent from a month earlier, little less than the 21 percent predicted by economists. Prices increased by 254.2 percent from … Read more
Buenos Aires City’s inflation increased to 21.7% last month due to increases in food, fuel, and transportation costs, according to City Hall. According to January data from City Hall’s Statistics and Census Directorate, consumer prices have increased by 238.5 percent in the previous year. According to the government agency’s data, inflation picked up steam last … Read more