News of economics

Dreams of wealth turn to dust for Qatar migrant workers

16-11-2022 13:07 Hundreds of thousands of people have flocked to Qatar in recent years to labour on giant construction schemes as it boosted its infrastructure ahead of the World Cup. Drawn by the prospect of making more money than they could ever hope to at home, migrants make up nearly 90 percent of Qatar's population of 2.8 million.

ECONOMY & POLITICS

Government to raise income tax floor following pressure from Massa

26-05-2022 23:31 The government will raise the income tax floor for all employees in the fourth category, with both the Christmas and mid-year bonuses exempt from taxation, according to reports.

Leftist leader

Chilean President Boric unveils economic recovery plan

08-04-2022 15:12 Chile's president Gabriel Boric announced an economic recovery plan worth US$3.7 billion that envisages the creation of half a million jobs.

IMF DEBT TALKS

US confident Argentina will reach IMF deal, says senior official

21-01-2022 22:44 Washington is confident Argentina will reach an agreement with the IMF to restructure its multi-billion dollar debt, and is ready to support that process, a senior US official said Thursday.

IMF DEBT TALKS

Nobelist Stiglitz rebuffed after praising Argentina’s 'economic miracle'

21-01-2022 18:06 Nobel laureate economist Joseph Stiglitz is facing a wave of criticism from peers after he claimed crisis-prone Argentina is witnessing “an economic miracle.”

THE YEAR TO COME

World economy now set to surpass US$100 trillion in 2022

29-12-2021 21:54 The world economy is set to surpass US$100 trillion for the first time in 2022, two years earlier than previously forecast, according to the Centre for Economics and Business Research.

Global inequality

Billionaires' share of global wealth soars during pandemic

07-12-2021 15:34 The club of the richest 1% in the world has taken more than a third of all additional wealth accumulated since 1995, while the bottom 50% captured just 2%.

GLOBAL WARNING

IMF warns of 'economic collapse' unless G20 extends debt relief

02-12-2021 15:37 IMF urges G20 nations to extend and improve debt relief initiatives, warning that many countries face a dire crisis without the help.

Guest voice

We need archaeologists in Congress

02-11-2021 07:00 Argentina’s new legislators will be 'archaeologists' of the laws.

by Federico Sturzenegger

BLOOMBERG

Interest rates aren’t the only weapon in global inflation fight

01-11-2021 09:00 As the cost of living surges all over the world, governments aren’t leaving the job of containing inflation to their central banks. They’re responding in other ways too.

BLOOMBERG

Gender quotas fail to boost women in Latin American politics

14-09-2021 13:22 The progress of women in politics has stalled in one of the world's most economically unequal places.

As I see it

Cuba’s hard-right dictatorship

17-07-2021 11:12 For fanatics, the cause they are devoted to is infinitely more important than anything else, and there can be no doubt at all that, despite the evident failure of the revolution to deliver the promised goods, there are still plenty of fanatics in Cuba.

by James Neilson

As I see it

A great time for malcontents

03-07-2021 23:17 In the rich Western countries and their cultural offshoots, what was once the fringe has become the centre.

by James Neilson

POLITICS

Frente de Todos puts on show of ‘unity’ as problems mount

07-05-2021 01:05 President Alberto Fernández hails the strength of his ruling coalition in wake of Supreme Court ruling.

POLITICS

Frente de Todos at odds over future of energy official

01-05-2021 00:16 Rumours sweep through political circles speculating that Economy Minister Martín Guzmán is seeking removal of energy undersecretary. Kirchnerite officials aggressively deny claims that Federico Basualdo has resigned his post.

Economy

Consumption fell 26% in March 2021 from previous year, says study

21-04-2021 12:00 New survey shows consumption of energy drinks, chocolates and sweets grew significantly over the past year, while sales of cloth, bleach and air fresheners fell.

COVID-19 'SECOND WAVE'?

Less growth, higher deficit – potential impact of ‘second wave’ lockdown

05-04-2021 16:15 Productive Development Minister Matías Kulfas has ruled out a repeat of 2020’s dramatic shutdown of economic activity; Economists predict that further restrictions would seriously damage rebound.

by Mirta Fernandez

BLOOMBERG – ANALYSIS

Bolsonaro calls for more changes after general goes to Petrobras

21-02-2021 08:25 Brazil leader says that more changes are underway after naming a former general to head Petrobras. Experts say Bolsonaro has chosen "economic populism."