News of growth

ECONOMIC INDICATORS

Argentina's shrank 2.1% in 2019, reports INDEC

Yesterday 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.

6.3% in 1st quarter alone

IMF forecasts Argentina's annual inflation at 22.7%, lowers growth outlook

17-04-2018 15:24 Most private estimates of inflation are in line with the IMF’s while general sentiment, especially in the halls of the Central Bank, stand in contrast with the government’s optimism.

MOTORS OF ‘INVISIBLE GROWTH’

The sectors behind Macri’s economic hopes

10-03-2018 08:34 Lithium, renewable energy, low-cost tourism and the Vaca Muerta shale gas deposit could eventually account for nine percent of GDP, but with an uneven effect on employment.

by Juan Pablo Álvarez

ACROSS THE PAMPA

Ongoing drought could slash one percentage point off GDP growth

26-02-2018 10:40 Rains are expected for the end of March. Economic activity, taxes and exports are at risk. Soy prices are rising but many say such compensation in relation to lower crop volumes will not be enough.

by Patricia Valli