The evident decline in Argentine salaries is a trend that has been in place prior to President Javier Milei’s administration. It is important to highlight that wages experienced a more pronounced decrease during the final year of the Alberto Fernández administration (2023) and the initial years of the libertarian government. A recent report indicates that … Read more
Argentina’s leading economic officials stated that the nation has managed recent external shocks without compromising its exchange-rate regime or causing significant financial stress, contending that this outcome represents a notable shift from previous crises and demonstrates the resilience of the current policy framework. The message was conveyed by Central Bank Governor Santiago Bausili and Economy … Read more
Public transport buses in the capital and its densely populated outskirts are operating at diminished frequencies, a consequence of escalating fuel prices associated with the conflict in the Middle East and postponements in subsidy disbursements, industry sources reported on Tuesday. The decline in activity has resulted in extensive lines of passengers forming at the primary … Read more
Economy Minister Luis Caputo provided a defense for Chief of Staff Manuel Adorni amidst allegations of possible illicit enrichment, alongside various government officials who have been accused of securing multimillion-peso mortgages from the national public bank Banco Nación under preferential terms. During an interview, the Economy Minister refuted the allegations directed at Adorni, who is … Read more
Commencing this Friday, January 2, the newly established inflation-adjusted band scheme will be implemented. Through its implementation, the economic team led by Minister Luis Caputo aims to expand the upper limit of the exchange rate scheme to ensure that the accumulation of foreign currency, a demand long postponed by the government, does not exert upward … Read more
Poverty and destitution in Argentina have seen a notable decline over the past year; however, the current levels still exceed those reported by official statistics, according to a credible watchdog. A report released on Thursday by the Social Debt Observatory of the Argentine Catholic University indicates that poverty was recorded at 36.3 percent, while extreme … 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
As a result of the 2.1 percent increase in consumer prices that occurred in September, inflation continued its upward trend over the previous month. According to the data, prices have increased by 22 percent in the first nine months of the year and by 31.8 percent over the last twelve months. This represents a considerable … Read more
For years, Argentines have expressed dissatisfaction regarding the elevated prices of clothing. Recently, however, their expressions of concern have been met with a query presenting an alternative solution. References to the online Chinese retailer have proliferated for a specific rationale. Since President Javier Milei removed restrictions on online shopping platforms, the Argentine market has seen … Read more