News of collapse

Coronavirus pandemic

Argentina's economy to contract by 6% this year, says Moody's

01-05-2020 12:46 International rating agency forecasts 6% contraction in GDP due to impact of the coronavirus pandemic. Previously, it had projected a 2.4% drop in activity.

Coranavirus pandemic

UK GDP 'could fall 13%' in 2020 as virus death toll climbs

14-04-2020 16:02 Britain's real GDP could fall by a whopping 35% in the second quarter of this year in the case of a three-month coronavirus lockdown, a government-funded watchdog forecasted Tuesday, as the country's death toll passed 12,000.

Bloomberg

Unofficial exchange rate slumps as printing presses warm up

14-04-2020 15:51 Argentina's unofficial exchange rate dropped on Monday after President Alberto Fernandez indicated the country may be preparing to turn on the printing presses to revive the economy.

Coronavirus pandemic

'Complete collapse of economies' ahead as Africa faces up to avirus

08-04-2020 07:50 More than half of Africa's 54 countries have imposed lockdowns, curfews, travel bans or other measures in a bid to prevent local transmission of the virus. Global economic downturn may lead to a ‘complete collapse’ in the region, according to experts.

Venezuela drama

How will US bounty affect Maduro's hold on Venezuelan power?

29-03-2020 18:41 The accusation of "narco-terrorism" by the US put pressure on Maduro’s regime, but its consequence is uncertain: it will achieve either to support the opposition or an end to the South American country's long-running economic and political crises.

NEW STUDY

Average wage fell 44.3% in dollar terms under Macri government, says study

20-02-2020 07:30 New report finds there has been a collapse of the average income in dollar terms since 2015, dropping from US$1,385 to just US$771 in four years.

MARKETS

Argentine bonds fall in reaction to Guzmán’s address to Congress

13-02-2020 13:13 Bonds take a hit in wake of economy minister's comments that a "deep debt restructuring" is on the cards.

Building collapse

Building collapses onto General Paz highway

08-08-2019 12:16 The eight-story building, which was under construction, is located in Tres de Febrero. No victims have yet been reported.