Tag: argentina economy

Inflation In Argentina Dips Below 200% For First Time In A Year

November 12, 2024 admin

Buenos Aires: Argentine inflation has dipped to 193%, landing below the 200% threshold for the first time in close to a year, data from statistics agency INDEC showed on Tuesday, as President Javier Milei’s dramatic austerity agenda bears fruit. Slowing inflation, pulled back in part by the government’s dramatic public spending adjustments, has however come…

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Argentina’s President Milei presents 2025 budget, vowing austerity and setting up a showdown

September 17, 2024 admin

Argentina’s President Javier Milei addresses Congress as he presents the 2025 budget in Buenos Aires, Argentina, Sunday, Sept. 15, 2024. | Photo Credit: AP Libertarian President Javier Milei of Argentina presented the 2025 budget to Congress late Sunday, outlining policy priorities that reflected his key pledge to kill the country’s chronic fiscal deficit and signaled…

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Copa America: Argentina enjoys brief respite from economic crises as nation celebrates Messi-led team’s victory

July 15, 2024 admin

Argentines taking to the streets to revel in their Copa América triumph inhabit a very different place now than they did 19 months ago, when their World Cup win sent millions surging into the same Buenos Aires square in a howl of collective celebration. “Glorious,” Diego Cáceres, 38, recalled of Argentina’s massive open-air party on…

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Argentina’s economic activity down 8.4% in March, the biggest drop since 2020

May 22, 2024 admin

The fall in activity in March follows year-on-year declines of 3.0% in February and 4.1% in January. File | Photo Credit: AP Argentina’s economic activity fell 8.4% in March from a year earlier, the country’s official statistics agency said on May 22, its fifth monthly drop in a row and the steepest fall since 2020….

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Argentina reports its first single-digit inflation in six months

May 16, 2024 admin

President of Argentina, Javier Milei. File Argentina’s monthly inflation rate eased sharply to a single-digit rate in April for the first time in half a year, data released Tuesday showed, a closely watched indicator that bolsters President Javier Milei’s severe austerity program aimed at fixing the country’s troubled economy. Prices rose at a rate of…

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Milei warns Argentine parliament he will govern ‘with or without’ political support

March 2, 2024 admin

Argentina’s President Javier Milei speaks during the opening session of the 142nd legislative term, at the National Congress, in Buenos Aires, Argentina, March 1, 2024. | Photo Credit: REUTERS Argentina’s libertarian President Javier Milei, in his first policy speech to parliament on Friday, said he would push his package of sweeping economic reforms whether or…

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Argentina’s President weighs next steps after economic reform bill setback

February 8, 2024 admin

Argentina’s President Javier Milei | Photo Credit: Reuters The government of Argentine President Javier Milei was seeking to salvage his wide-ranging economic reform package after Congress delivered a major blow a day earlier, casting doubt over its future and triggering a fall in financial markets. Lower house lawmakers rejected several crucial proposals in the bill,…

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