A push by President Javier Milei’s administration to get Argentine banks “banking again” is losing momentum, as lenders are once again relying on government bonds for profit. This shift occurs amid a slowing economy and elevated delinquency rates that are impacting their traditional business operations. Earnings from government securities at commercial banks constituted approximately 56 … Read more
Private sector registered employment declined once more as the first half of 2026 came to a close. Labour ministry data indicates that monthly registered employment in the private sector experienced a decline of 0.1% in June, translating to approximately 6,261 fewer jobs compared to May. The year-over-year comparison of formal private-sector employment indicates a decline … 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
