News of global economy

From impending catastrophe to moderately optimistic?

04-02-2023 06:09 Just as the global economy was heading into an unavoidable recession, sentiment seems to have been reversed and optimism is taking over.

by Agustino Fontevecchia

ECONOMIC INDICATORS

IMF maintains Argentina 2022 growth forecast at 4%

11-10-2022 17:44 International Monetary Fund maintains outlook for Argentina this year: 4% growth.

ECONOMIC OUTLOOK

IMF upgrades Argentina growth projection ahead of Guzmán talks

19-04-2022 16:26 Multilateral lender predicts GDP will improve by 4% in 2022 but sees inflation topping out the year at 48%.

ECONOMIC INDICATORS

Poverty fell to 37.3% in the second half of 2021

31-03-2022 15:55 Just over 37% of the population were living in poverty in the second half of 2021 – a drop of three points compared to the first half of the year, according to official data.

BRAZIL UNDER BOLSONARO

Brazil exits recession, but faces tough year ahead

06-03-2022 09:02 Brazil exited recession in the fourth quarter, but weak growth and high inflation still dog Latin America's biggest economy.

economy

US consumer prices rose 7.5% annually to January – largest since 1982

10-02-2022 11:56 Consumer prices in the United States rose at an annual rate not seen since February 1982, with a 7.5% increase over the 12 months to January.

BLOOMBERG – ANALYSIS

US inflation charges higher with larger-than-forecast gain

10-02-2022 11:41 Consumer prices in the United States surged in January by more than expected, sending the annual inflation rate to a fresh four-decade high.

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%.

G20 Leaders Summit

What's in the global tax reform agreed by the G20?

31-10-2021 08:35 After years of negotiations, G20 leaders on Saturday endorsed an historic deal aimed at ending tax havens, although some developing countries complain it still falls short.

Bloomberg

Global energy crisis comes to drought-stricken South America

04-10-2021 20:39 The energy crisis sweeping the globe is about to hit South America, where a historic drought has the region desperate to replace a collapse in hydroelectric generation.

POVERTY

Poverty in Argentina reached 40.6% in first half of 2021

01-10-2021 21:00 INDEC data shows extreme poverty in Argentina rose to 10.7% of population by end of June; Poverty rate down 1.4 percentage points from the second half of 2020.

Startups

Venture capital surge delivers record for 'unicorn births'

08-07-2021 11:41 According to a report by US-based firms, startups globally raised $156 billion between April and June, the highest level in a decade for the second quarter.

G20 SUMMIT

Historic global tax deal backed by 130 nations

01-07-2021 23:08 A total of 130 countries, including Argentina, agree global reform to ensure multinationals pay at least 15% tax wherever they operate. Move could add some US$150 billion to government coffers worldwide.

TAX INITIATIVE

Global tax floor of 15% would be ‘too low,’ says Guzmán

29-06-2021 08:37 Economy Minister Martín Guzmán says Argentina's position is that a global floor of 15 percent for corporate taxation would be “too low.”

Poverty

Pandemic and economic crisis pushes poverty rate up to 42%

31-03-2021 19:50 More than four in 10 Argentines were living in poverty in the second half of 2020, INDEC national statistics bureau reveals – the highest level since 2004.

Global pandemic

Vaccine delays threaten economies hardest hit by pandemic

23-02-2021 12:24 Latin America and the Caribbean, the region where the coronavirus caused the worst economic destruction and more than a quarter of the world’s deaths, is now falling victim to a slow inoculation campaign.