Luis Caputo, the minister of economics, said in April of last year that the upcoming months will be the finest for the Argentine economy in decades. A little over three months after that assessment, that scenario remains distant. Research centers, think tanks, and consulting firms monitoring the Argentine economy indicate that the initial half of … Read more
Argentina’s Central Bank halted a nearly seven-month period of dollar acquisitions, occurring just a day after the IMF urged officials to continue increasing foreign currency reserves. The monetary authority refrained from purchasing greenbacks in Argentina’s official currency market on Tuesday, marking the first instance of such an action since January 2, as stated by a … Read more
The Argentine minimum wage has served as a historic benchmark for salary negotiations within both the formal and informal sectors of the economy. That benchmark, however, has undergone significant alterations since President Javier Milei assumed office in December 2023. Since then, the SMVM has undergone a consistent decrease in purchasing power and is presently at … Read more
Argentina’s economy contracted for a second consecutive month in May, highlighting a pattern of inconsistent growth as President Javier Milei’s term progresses beyond the halfway mark. Economic activity declined by 0.5 percent from April, falling short of the 0.2 percent increase projected by analysts, as reported by government data released on Wednesday. From a year … Read more
The administration of President Javier Milei was pleased to hear that June saw the first monthly inflation rate in Argentina to fall below two percent since August 2025. The most recent numbers provided by the INDEC national statistics department on Tuesday showed a 1.9% increase in prices for June, providing Milei and his staff with … Read more
The power-generation unit of YPF SA, the state-owned energy company of Argentina, has submitted an application for an initial public offering in the United States, joining a growing pipeline of Argentine companies that are looking to list their shares in New York. According to a statement that was made on Monday with the United States … Read more
Javier Milei’s administration anticipates that energy, mining, and agriculture will continue to serve as the primary drivers of the economy. Additionally, it is placing its hopes on a renewed expansion of credit to produce the long-anticipated spillover effect and stimulate economic recovery. While not explicitly articulated, the economic team aspires to emulate the consumer lending … Read more
President Javier Milei ardently advocated for his administration’s economic direction, called for a comprehensive overhaul of the Central Bank charter, and expressed his anticipations for Argentina’s forthcoming World Cup quarter-final clash with Switzerland on Saturday. In a radio interview with Now 97.9 FM, Milei asserted that his policies have driven economic growth, claiming that consumption … Read more
Argentina’s impressive bond rally is poised to face challenges as the upcoming presidential elections reignite worries regarding the nation’s tumultuous economic history, as noted by Pablo Goldberg, an emerging markets portfolio manager at BlackRock Inc. The debt has returned approximately 8.3 percent this year, surpassing any other sovereign in Latin America, following two ratings upgrades … Read more
In May, delinquency rates among Argentine households increased for the 19th consecutive month, approaching 13% of total household credit. At non-financial institutions such as fintech companies and digital wallets, that figure surpasses 32% — a record high in both instances. The data originates from a report utilising official statistics provided by consulting firm 1816, which … Read more
