News of economic

Unemployment in Argentina affected 7.6% in Q2

20-09-2024 09:41 Report by INDEC national statistics bureau shows joblessness stayed in line with 7.7% recorded in first quarter, but rate is up from 6.2% seen in second quarter of 2023.

Economic activity slumped 3.4% in first half of 2024, reports INDEC

19-09-2024 00:48 Recession deepens with 1.7 percent contraction in second quarter of the year; Economic activity down 3.4% overall in first half of 2024.

Inflation rises slightly to monthly 4.2%, dashing government hopes

11-09-2024 16:43 Prices have increased 94.8% in Argentina since the turn of the year, according to official data; Consumer price hikes at monthly 4.2% – slight rise on the preceding month and above government forecast of 4%.

Nine months in, the economic data alarming Milei's government

09-09-2024 22:25 President Javier Milei has closed the third quarter of his administration with Argentina’s economic activity in poor health. He has notched up some achievements – exchange rate stability and a slowdown in inflation, for example – but the loss of purchasing power and increased unemployment are worrying.

by Gonzalo Martínez

Inflation slowed to 4% in July, lowest monthly rate of Milei era

14-08-2024 17:02 Latest figure from INDEC national statistics bureau indicates consumer prices are continuing to slow, but annual rate remains at staggering 263.4%.

Inflation slows to lowest level since 2022 under Milei

14-08-2024 16:47 Consumer prices rose 4% in July from a month earlier, while annual inflation slowed to 263.4%, according to government data.

Argentina inflation snaps Milei’s five-month slowdown streak

12-07-2024 16:30 Argentina recorded the first monthly pick-up in inflation of the year, marking a slight reversal of the downward streak President Javier Milei has put in motion.

Inflation accelerated slightly to 4.6% in June, says INDEC

12-07-2024 16:23 Inflation rose slightly in June from previous month, by 0.4 points; Consumer prices rose 4.6% overall in June and have soared 271.5% in the last 12 months.

Milei’s austerity plan pushed Argentina into recession in first quarter

24-06-2024 17:42 Gross domestic product fell 2.6% compared to the fourth quarter of 2023, according to official government data published Monday. Activity contracted 5.1% from a year earlier.

Congress win pressures Milei to deliver on economic promises

21-06-2024 06:12 Javier Milei’s win in Congress has started the clock ticking. Argentina’s president needs achievements to convince a society that is impatient for economic change that better times are around the corner.

Economic activity plunging amid austerity, confirms INDEC

23-05-2024 00:30 Bureau’s monthly estimate of economic activity records 8.4% drop for March; Industry and construction collapse, 5.3% slump in first quarter of 2024.

Economy extends downturn amid Milei’s cuts

23-05-2024 00:07 Economy shrank 8.4% in March from a year ago. On a monthly basis, activity dropped 1.4%, according to government data published Wednesday.

City monthly inflation rate drops to single digit in boost for government

08-05-2024 21:36 Inflation in Buenos Aires City was 9.8% in April for an annual rate of 292.5%; Boost for government ahead of next week’s national INDEC figure.

Argentina’s monthly CPI to fall below 10% in April, Milei says

29-04-2024 11:24 Monthly inflation in Argentina could fall below 10% in April, President Javier Milei said Sunday in a phone interview.

Monthly inflation slowed more than expected in March

12-04-2024 16:35 Monthly inflation in Argentina slowed more than expected in March, cooling for the third straight month.

UNICEF: 7 out of 10 children live in poverty in Argentina

12-03-2024 17:16 Approximately 8.6 million kids under the age of 18 live in low-income households or in environments where they are deprived of their rights, reports local branch of UN agency dedicated to children.

Argentina sees first monthly budget surplus in 12 years

18-02-2024 11:46 Argentina recorded first monthly budget surplus in nearly 12 years in January, the Economy Ministry says in a statement.

Poverty hit 20-year high of 57.4% in January, says UCA body

18-02-2024 10:21 Prestigious UCA Social Debt Observatory says poverty is at 20-year high: 57.4%, equivalent to 27 million people, are now considered poor in Argentina. Extreme poverty affects 15%, some seven million people.

by Gonzalo Martínez

IMF authorises US$4.7 billion loan tranche, says Milei will remove currency controls

01-02-2024 18:25 International Monetary Fund signs off on fresh loan disbursement and reveals Argentina will lift currency controls this year – though it warns political and social unrest may lie ahead.

IMF sharply cuts Argentina’s growth forecast on Milei’s plan

30-01-2024 19:14 The government’s push to cut down on spending is “absolutely needed” to rein in inflation, which the IMF estimates will slow down to near 150 percent a year by December.