News of economic

Poverty: we must go further to alleviate the effects of the pandemic

12-12-2020 09:00 The full inclusion of the most impoverished sectors of society demands a new generation of political and market activities for a fairer distribution of the capacity for social development.

by Agustín Salvia

There's only one Maradona - Argentina after the funeral

05-12-2020 10:22 For most of the year, Fernández and Rodríguez Larreta navigated the pandemic together, avoiding confrontation. But that initial congeniality is giving way to confrontation as next year's midterms draw ever closer.

by Martín Gambarotta

When nobody wants pesos: currency meltdown upends business

24-10-2020 05:51 Argentina’s battle to control its currency is upending its economy, wreaking havoc on everything from household finances to the production and sale of common goods.

Creditors blast Argentina for post-restructuring bond blow-up

22-10-2020 22:22 Argentina Exchange Bondholders group and the Argentina Creditor Committee rip government for mismanaging the economy, saying country is headed for disaster just seven weeks after restructuring US$65 billion in debt.

Blue dollar soars again to close week at 178 pesos

17-10-2020 08:30 Dolár blue has risen by 11 pesos in past week alone, closing week at record high amid continued financial uncertainty.

Analysts keep eye on reserves as uncertainty pushes blue dollar to 160

10-10-2020 10:05 Central Bank buys dollars for first time since mid-September, as uncertainty pushes blue dollar sky-high.

Venezuela: Argentina's old/new problem

10-10-2020 09:07 It doesn’t really matter whether Cristina is calling the shots, whether her henchmen are acting independently, or if Alberto is acting out of his own accord, trying to please his vice-president and keep his coalition united. The end result is the same: increased uncertainty, which ultimately feeds Argentina’s risk thermometer: the dollar-peso exchange rate.

by Agustino Fontevecchia

Economic activity slumped 12.6% in first seven months of 2020

29-09-2020 00:23 New data from INDEC national statistics bureau shows economic activity fell 13.2 percent in July, compared to the same month of previous year.

Virus plunges Brazil into recession with record 9.7% drop

01-09-2020 10:59 Brazil's economy, the biggest in the reion, contracted by a record 9.7% in the second quarter of 2020, plunging into recession.

Creditors reiterate support for debt swap

22-08-2020 10:05 Ad Hoc Group of Argentina Exchange Bondholders says members will be entering Argentina’s debt swap proposal to the tune of almost US$5 billion on Monday.

It’s also the economy, stupid

22-08-2020 09:39 Why is anybody even talking about judicial reform? Putting the economy back on track evidently requires more than successful debt negotiations.

Chinese Ambassador: Alberto Fernández has ‘boosted ties’ with Beijing

22-08-2020 08:58 Interview with Zou Xiaoli, the official representative of the People's Republic of China in Argentina.

by Juan Luis González

What we learned this week: August 8 to 15

15-08-2020 11:05 Stories that caught our eye over the last seven days in Argentina.

Quo vadis, Argentina?

15-08-2020 10:37 A guide to undering Argentina’s incomparable decline and what can we learn from the shortcomings of the Macri administration’s reforms.

by Nicolas Rodriguez-Brizuela

Goodbye default my old friend

08-08-2020 08:44 The ultimate question is if this agreement will spare Argentina the ordeal of holdout bondholders – Guzmán will have conjured a miracle if there are none to worry about once this deal is done.

by Martín Gambarotta

Judicial reform and jumping the queue

01-08-2020 09:07 The judicial reform bill announced this week suffers all the problems of Caesar’s wife – it must not only be honourable but seen to be so, a challenge which neither its context nor origin nor timing favour.

Don't plan on a plan from Fernández

25-07-2020 08:20 By shunning “plans” Fernández is emulating his former boss, late former president Néstor Kirchner, who preferred to deal with issues as they came along without committing to a plan that could be easily derided.

by Martín Gambarotta

Neuquén the first province to kick off plans to revive tourism

25-07-2020 08:07 Officials begin to roll out schemes to boost sector, especially in Argentina’s inland provinces.

Jobless and desperate: post-lockdown reality kicks across globe

23-07-2020 11:26 Many workers' lives have been abruptly upended by the coronavirus pandemic, as job losses in tourism, air travel, food and drink or other industries, hit those both on fixed contracts and in the informal sector.

Fernández plays down talk of foreign policy shift on Venezuela

18-07-2020 10:08 President reiterates government’s rejection of economic sanctions against Venezuela, days after Argentina condemned human rights abuses in troubled nation.