Public and private securities Argentina fell on Wednesday affected by the growing uncertainty about the political and economic future of the country in the face of the next elections to president that will be held in October. An even result in the primary elections held in August deepens short-term doubts in a recessionary stage, with […]
Tag: argentina
Milei’s dollarization, a waste of time for Argentina?
Argentina debate the dollarization of its economy after decades of failure to tame the inflationabove three digits in 2023, given the proposal of the far-right candidate Javier Mileiwell placed to achieve the Presidency, which permeates a society tired of the loss of its purchasing power. For experts it is a waste of time. “It is […]
Argentina seeks to increase exports of food, technology and services to Cuba
The president of ArgentinaAlberto Fernández, met this Saturday with his Cuban counterpart, Miguel Díaz-Canel, to look for formulas to increase their exports to the island of food, technology and professional services for the agricultural sector. The bilateral meeting took place on the sidelines of the summit of the Group of 77 and China, which will […]
Argentina will have to pay US$ 16,099 million for the nationalization of oil company YPF
A US judge ruled on Friday that Argentina must pay US$ 16,099 million to two companies that were not compensated after the nationalization of the oil company YPF in 2012. Argentina will have to pay the Petersen company US$ 14,385 million, of which US$ 7,533 for damages and US$ 6,852 for 8% interest, while Eton […]
Argentina presents a 2024 budget with almost one point of primary deficit
The Executive of Argentina sent to Parliament the 2024 Budget bill, which assumes a primary deficit -0.9% of GDPa fiscal improvement compared to this year, as the first step to lower inflation, which is expected to be 70%, in an economy that will grow 2.7% next year. “We want to get the deputies to discuss,” […]
Banknotes painted by artists regain value in Argentina
The Argentine jaguar lies inert at the feet of its hunter, George Washington. The first president of USA He rests one of his arms on the animal’s body and with the other he holds the shotgun with which he took its life. The scene was recreated by the Argentine artist Sergio Díaz on a 500 […]
Musk: Excessive government spending ruined countless countries like Argentina
Businessman Elon Musk he said on his social network x (before Twitter) that excessive government spending has ruined countless countries, in a message he posted in response to an excerpt from a program by journalist Tucker Carlson on Argentina and the “hyperinflation”. “Excessive government spending, which is the fundamental cause of the inflationhas ruined countless […]
Less meat, more chicken: Argentines adjust their diet due to high inflation
Diego Silva feels the impact of the inflation in his butcher shop in Buenos Aires: Customers adjust their pockets to buy meat, a central product in the Argentine diet, after a rise in prices that hits consumption. Argentina registered this Wednesday the highest monthly inflation in three decades, 12.4%, with 124.4% for 12 months. Everything […]
“We live day to day”: Argentina registers its highest monthly inflation in three decades
The Argentine inflation closed August at 12.4%, the highest since 1991, as people juggle to make ends meet. The national statistics institute Indec reported this Wednesday the data of the Consumer Price Index (CPI), which accumulates 124.4% in 12 months and 80.2% so far this year. It is among the highest in the world. Monthly […]
With three-digit inflation, Argentines juggle to make ends meet
In a stressful fight against inflation of 113% annually, many Argentines They are forced to visit different stores daily in search of the best price for basic goods such as food to defend their dwindling purchasing power. In the midst of a prolonged crisis that has thrown a good part of Argentines into poverty, the […]