On 29 April 2024, the Chamber of Deputies approved the bill that the executive branch had sent to Congress as a new draft of the “Bill of Bases and Points of Departure or the Freedom of Argentines” (“Bases Bill“), along with the tax reform package. In focus The draft bill declares...
On taking power, Milei implemented a series of austerity measures. But now signs have emerged that Argentina’s bizarre and long mismanaged economy is starting to look a little more normal.
In the second quarter of 2024, GDP fell by 1.7% compared with the previous quarter—an effect attributable to statistical drag. However, comparing with April, the economy appears to have stabilized in June. Positive data has already been observed in industries and construction, with a 1.7% mont...
"We cut the number of ministries by half, we eliminated public works, we practically eliminated discretionary transfers (of resources) to provinces and we took on a program to rationalize social spending like never before," he said. "The economy has a lot of room to grow just because of th...
Argentina’s economy recorded its best month in May since President Javier Milei took office late last year… Economic activity rose 1.3% from April, above the 0.1% median estimate from analysts in a Bloomberg survey and the first month of growth since Milei’s term began in December. From ...
10, 2024, at 7:03 a.m. Save MoreReuters FILE PHOTO: Constumers check products at a wholesaler,as Argentina is due to release consumer inflation data for April, in Buenos Aires, Argentina May 10, 2024. REUTERS/Irina Dambrauskas/File Photo By Horacio Fe...
Aug 19, 2024 In 2023, the mobile communications sector in Argentina generated a revenue worth nearly 1.5 billion U.S. dollars, more than twice the amount generated in 2022. These high numbers can be explained by thecountry's high-inflation economyin recent years. In April 2024, theArgentinian...
Published on Friday, January 26, 2024 | Updated on Wednesday, April 17, 2024 Argentina | Automotive Outlook 2024The automotive sector once again had an outstanding performance among the different sectors of the economy despite the adverse local macroeconomic context that led to a significant increase...
May 6, 2024 Politics Elon Musk will meet Argentine President Milei as he tours the U.S. in search of an infusion of money for Argentina’s cash-strapped economy BYIsabel DebreandThe Associated Press April 11, 2024 Finance HSBC pulls out of Argentina at a $1 billion loss as Asia pivot ...
Argentina Names Second in Command of Key Economy Ministry More Reuters FILE PHOTO: Argentina's Vice President Cristina Fernandez de Kirchner attends the inauguration ceremony of the municipal cinema-theater at El Calafate, in Santa Cruz, Argentina July 8, 2022. Charo Larisgoitia/Argentine Vice-Pr...