President Javier Milei recognized that the economic reforms implemented by his administration will unavoidably lead to the “disappearance” of certain economic sectors. His remarks come during a nationwide challenge for the industrial sector, as factories shut down in response to the government’s choice to deregulate the economy and permit an influx of imports. “If you … Read more
It may seem amusing at first, but the situation takes a serious turn once the bombs start to descend. The derogatory remarks, the raised voices, the irony, the memes, and the relentless verbal assaults. Viewership ratings have increased as President Javier Milei delivered his state-of-the-nation address to the Legislative Assembly on March 1, achieving a … Read more
According to a report, Argentina’s economy experienced a growth of 4.4% in 2025. The rise was primarily propelled by two sectors: agriculture and financial intermediation. In comparison to December 2024, eleven sectors of economic activity experienced growth, while four sectors saw a decline. The economy experienced a growth of 3.5% in December relative to the … Read more
Argentina’s economy experienced growth exceeding expectations in December, attributed in part to a record wheat harvest that mitigated the repercussions of a significant midterm election. Economic growth increased by 1.8 percent in December relative to November, as reported on Tuesday, following a contraction of 0.3 percent in November for South America’s second-largest economy. Compared to … Read more
The recent closure of Fate, an 86-year-old tire manufacturer with a workforce exceeding 900, exemplifies a broader trend in Argentina’s economic landscape. Official figures indicate that manufacturing facilities in the country are operating at merely 50% of their potential capacity, and since Javier Milei assumed office in December 2023, more than 20,000 enterprises have ceased … Read more
The Industrial Union of Santa Fe has highlighted what it refers to as Argentina’s elephant in the room: the erosion of the middle class. Job losses, declining income across all segments, and constrained consumption are indicative of a more extensive decline. In the face of rising inflation, the government remains committed to a strategy of … Read more
The investment amounted to US$52 million, characterized as the “most modern of its kind, worldwide, with cutting-edge sustainable technology,” as stated in the official announcement. In October 2022, Whirlpool inaugurated a new washing machine production facility in Pilar, Argentina. Last week, just over three years later — and two years into the presidency of libertarian … Read more