News of economic

Enough with the bickering – Alberto and Mauricio should meet

17-10-2020 09:05 At an extremely troublesome moment for the world, Argentina is engaging in ridiculous self-inflicted shocks of uncertainty.

by Agustino Fontevecchia

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.

Coalitions or collisions?

10-10-2020 09:27 It’s too early to tell if this stress will snowball into a breakdown leading to, say, a sweeping Cabinet reshuffle sponsored by the Kirchnerites, forcing out members of the president's inner circle.

by Martín Gambarotta

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

Making the most of failure

19-09-2020 10:01 Argentina has long been in the hands of individuals who reach power by attributing the country’s woes to the stupidity of their political rivals, but who once in office do not have the slightest idea of how to improve matters.

by James Neilson

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.

What we learned this week: August 15 to 22

22-08-2020 09:46 Stories that seized our attention and caught our eye over the last seven days in Argentina.

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.

Argentina's economy extends rebound from pandemic lows

21-08-2020 00:32 Economy continues to show early signs of recovery after a strict Covid-19 lockdown brought commerce to a dramatic halt.

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.

Debt deal sealed, but Argentina’s economic woes remain

08-08-2020 09:36 Experts say deal with bondholders ‘takes pressure off’ the government, but warn renegotiating terms of US$44-billion loan with IMF is now the urgent concern.

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

Markets rally on hopes debt talks are ‘too close to fail’

25-07-2020 09:32 Three largest creditor groups join forces in negotiations, rejecting government's "final" offer and submitting their own counter proposal.

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

Economic activity slumped 20.6% in May from previous year

24-07-2020 01:42 INDEC confirms 13.2% contraction in first five months of 2020, though activity was up 10% on April, recovering some of lost activity during pandemic lockdown.

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.

Coalitions under stress

18-07-2020 08:37 Political rivals are accusing each other of being “haters” – but of course, one person's hater is another person's hero. The pressure, however, is not just external.

by Martín Gambarotta

Hernán Lacunza: ‘We can’t reset the economy every four years, as we’ve been doing since 1945’

18-07-2020 08:30 Former finance minister Hernán Lacunza on Argentina’s debt restructuring efforts, the impact of the coronavirus pandemic, inflation and more.

by Jorge Fontevecchia

UN: Argentina could lose 850,000 jobs in 2020 amid virus crisis

27-06-2020 07:59 Child poverty in Argentina could reach 58% by the end of the year, warns United Nations in new report.

by Lorena Rodríguez

100 days of quarantine

27-06-2020 07:48 On March 20, President Alberto Fernández told the nation in a televised address that all citizens would enter a mandatory quarantine period in an effort to prevent the spread of Covid-19. Though restrictions in some regions have now been loosened, many Argentines are today waking up this morning to their 100th day of lockdown. Here’s a look back at how the pandemic has changed our lives.

by Michael Soltys