News of growth

DEBT, DEFAULT. DEAL

Goodbye default my old friend

Yesterdat 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

UK LAWSUIT

Argentina loses bid to throw out US$738-million hedge-fund lawsuit

21-07-2020 22:45 Argentina has lost an attempt to dismiss a UK lawsuit filed by four hedge funds alleging that the country manipulated economic data to avoid making payments for securities linked to its growth.

BLOOMBERG - OPINION

Good behaviour won't deliver Argentina from economic pain

03-06-2020 15:50 Argentina deserves debt relief, but also a credible way forward. The country still needs a path to growth, new investment and the prospect of fiscal reasonableness beyond the pandemic – and that is where the road map ends.

by Mac Margolis

BLOOMBERG

Bank of America says Latin America’s economy to crash 6.8% this year

15-05-2020 15:55 Bank of America Corp expects Latin America’s economy to slump by 6.8 percent this year and warned that plans to reopen businesses are unlikely to go smoothly as new cases continue to soar.

Debt talks & Covid-19

Pandemic poses perfect storm scenario for Argentine debt

16-03-2020 08:05 The global downturn, and the crisis caused by the coronavirus, could yet strangely benefit Argentina, according to some economists.

AS I SEE IT

Growth put on the backburner

29-02-2020 11:33 When in opposition, Peronists and others with broadly similar points of view like to pretend that the country is several times richer than the available data would suggest.

by James Neilson

URUGUAY FRONTIERS

Uruguay's president-elect Lacalle Pou eager to attract foreigners

25-02-2020 18:41 Luis Lacalle Pou expresses determination to open up borders, so that thousands of foreigners can settle in his country. Uruguay's incoming leader also says nation will change position on Venezuela crisis.

ECONOMIC INDICATORS

Argentina's shrank 2.1% in 2019, reports INDEC

21-02-2020 18:00 Argentina's recession-hit economy shrank by 2.1 percent in 2019, the INDEC national statistics bureau announced Friday.

MINING

Barrick Gold, Shandong invest in Veladero mine in San Juan

14-02-2020 14:08 Barrick Gold and Shandong Gold are pursuing three strategic projects with the aim of extending the useful life of the Veladero mine until at least 2030: investment, employment and growth.

Bloomberg

Big oil warned Trump team China trade deal was 'unrealistic'

13-02-2020 14:16 Industry leaders and advisers privately warned the Trump administration that the US will struggle to produce energy products that China has committed to buy in a new trade deal, raising doubts about one of the president’s signature economic achievements.

Bloomberg

Diplomatic dance: Solá heads to Brazil for meeting with Bolsonaro, Araujo

12-02-2020 08:15 Foreign minister hoping his Brazilian counterparts are also looking to turn a page, as region's top economics seek to heal diplomatic wounds.

US GROWTH

Trump rejoices at the surge in job creation, adding 225,000 posts

07-02-2020 20:32 The US economy saw an explosion of new hiring in January. President Donald Trump, who has emerged intact from his impeachment trial, can now trumpet his economic record as he battles to win re-election in November.

Bloomberg

Brazil looks to India as trade with Argentina deteriorates

15-01-2020 23:26 Brazil sees a huge potential for its exports of food and commodities, and a chance to increase its US$7 billion in annual bilateral trade with India to US$25 billion in the next few years.

BLOOMBERG

Blow for Fernández as crop windfall slips away

09-12-2019 13:42 President-elect needs all the help he can get to pull the country out of recession and make good on bond payments. But he faces a speed bump from the crop industry.

ECONOMIC DOWNTURN

World Bank: Slowdown in Latin America 'more self-inflicted than imported'

10-10-2019 15:19 World Bank predicts Argentina's economic contraction will deepen this year to 3.1%.

FINANCIAL POLICY

Brazilian Central Bank cuts interest rate to record low

19-09-2019 16:30 Monetary authority slashes interest rates to a record low 5.5% for the second time in less than two months, as Latin America's biggest economy expresses concerns over "more intense slowdown in the global economy."

BUDGET PROPOSAL

Lacunza admits economic results have been 'lower than expected'

16-09-2019 17:35 Addressing Congress, where he was presenting the government's draft 2020 Budget proposal, the new minister put the record down to a "combination of inheritance, miscoordination and external factors."

ECONOMIC POLICY

Argentina must drive demand to boost economy, says Alberto Fernández

09-09-2019 07:30 Frente de Todos leader says businesses who risk capital need their investments to pay off because that creates jobs. But those investments won’t happen if there is poverty, he explains in an interview.

ECONOMIC OUTLOOK

Latin America set for feeble growth of 0.5% in 2019, says UN

31-07-2019 17:31 Crisis in Venezuela will drag down the region's performance, predicts CEPAL, which also points to expected 1.8 percent shrinkage in Argentina's economy.

Signs of recovery

Argentine economy grows 2.6 percent in May due to boost from harvest

26-07-2019 16:41 The positive figures broke 12 consecutive months of economic recession and is a major victory for president Macri who faces a tight reelection campaign.

BLOOMBERG

Latin America's central banks poised to join global rate cut party

25-07-2019 09:52 Brazil, Peru and Mexico indicate rate cuts are on the cards, but Argentina remains the outlier.