News of recession

Economy sputters toward recession as Milei takes reins

23-11-2023 14:42 Argentina’s economy stalled after an August devaluation of the official peso rate, further llustrating the challenges ahead for the president-elect.

ECONOMIC OUTLOOK

Argentina’s Milei to face ‘painful recession’ next year, IIF says

20-11-2023 15:07 “A painful recession in 2024 seems inevitable, no matter what policy framework prevails,” warns Institute of International Finance.

BLOOMBERG – ANALYSIS

Recession, inflation, devaluation: Economic troubles in 5 charts

19-10-2023 13:46 Argentina’s next president will take over in the middle of a financial emergency — which is par for the course in one of the world’s most dysfunctional economies.

HELP FROM BEIJING

China lets Argentina tap extra US$6.5 billion from swap line

18-10-2023 14:01 Move comes right before Argentina’s presidential election on Sunday as political uncertainty roils markets and the peso’s parallel exchange rate sells off.

ECONOMIC INDICATORS

Argentina's economy grew in July despite recession on horizon

27-09-2023 13:02 Argentina's economy broke a four month streak of decline in July, beating estimates and growing at 2.4%.

ECONOMIC INDICATORS

Argentina's economy shrank most since 2020 amid record drought

20-09-2023 08:52 Argentina's GDP shrank 2.8% in the second quarter of the year, more than the 2.5% contraction forecast by experts. From a year ago, activity contracted 4.9%.

Exchange rate woes

Argentina’s neighbours flood borders for cheap skiing, shops, steaks

21-07-2023 16:55 Argentina sees a surge in travelers from Chile and Uruguay who seek cheaper prices on goods and experiences, benefiting from the currency crisis and multiple exchange rates in the country.

BUENOS AIRES & BEIJING

China allows Argentina to spend up to US$10 billion of currency swap line

02-06-2023 13:20 Chinese officials approve Argentina tapping up to 70 billion yuan (US$9.89 billion) of currency swap line, double the previous limit, according to a Central Bank statement.

CURRENCY SWAP

Argentina seeks bigger China swap line to prevent peso sell-off

24-05-2023 10:48 Argentina’s government is asking China for an expansion of its bilateral currency swap in yuan as it seeks to build up reserves.

URUGUAY

Uruguay leads Latin America with first rate reduction

19-04-2023 21:06 Uruguay becomes first inflation-targeting country in Latin America to start lowering borrowing costs after economy entered technical recession towards end of last year.

DROUGHT

Argentina’s worst drought in memory lands new blow to economy

09-03-2023 13:36 Gross domestic product in South America’s second-largest economy, which desperately needs US dollars, will shrink 3 percent this year, worse than the previous forecast for a 1.5 percent contraction, as one of the worst droughts in recent memory ravages crucial farm exports.

ECONOMIC INDICATORS

Not even a World Cup win can save Argentina’s economy from decline

24-02-2023 10:08 Economy contracted more than expected in December even after the country won its much-celebrated third World Cup title, lending weight to view that recession lies ahead later this year.

VENEZUELAN ECONOMY

Venezuela's risky currency stabilisation to tackle inflation

27-03-2022 08:42 The beleaguered bolívar has, against all odds, managed to stabilise since October, thanks to a US$2.2-billion investment by the state.

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.

ECONOMIC INDICATORS

GDP grew 10.3% in 2021 after three years of decline

25-02-2022 14:51 National statistics bureau confirms Argentina’s gross domestic product rose 10.3% in 2021 – first year of growth since 2017.

ECONOMIC INDICATORS

Economy caps strong second half with December rebound

23-02-2022 17:41 Argentina’s economy capped a strong second half of growth as it emerged from a long recession last year.

IMF DEBT TALKS

IMF debt deal: The roots of Argentina's economic crisis

28-01-2022 22:05 Argentina, which has been battling a deep economic crisis since 2018, has unveiled a new debt repayment deal with the International Monetary Fund.

News of recession

Economy sputters toward recession as Milei takes reins

Argentina’s Milei to face ‘painful recession’ next year, IIF says

Recession, inflation, devaluation: Economic troubles in 5 charts

China lets Argentina tap extra US$6.5 billion from swap line

Argentina's economy grew in July despite recession on horizon

Argentina's economy shrank most since 2020 amid record drought

Argentina’s neighbours flood borders for cheap skiing, shops, steaks

China allows Argentina to spend up to US$10 billion of currency swap line

Argentina seeks bigger China swap line to prevent peso sell-off

Uruguay leads Latin America with first rate reduction

Argentina’s worst drought in memory lands new blow to economy

Not even a World Cup win can save Argentina’s economy from decline

Venezuela's risky currency stabilisation to tackle inflation

Brazil exits recession, but faces tough year ahead

GDP grew 10.3% in 2021 after three years of decline

Economy caps strong second half with December rebound

IMF debt deal: The roots of Argentina's economic crisis

Cristina Fernández de Kirchner and Victoria Villarruel hold ‘historic’ transition meeting

Karina Milei: How the most important member of Argentina’s next government thinks

Attack on fans overshadows Argentina historic win over Brazil

Who will be in Javier Milei’s Cabinet? The ministers and secretaries confirmed so far

Victoria Villarruel, the first vice-president to play down dictatorship’s crimes

El destino del PAMI en la era Milei, en manos del PRO

Gabinete de Javier Milei: ya se confirmaron los nombres de seis ministros y seis secretarios

Aguinaldo: ¿Javier Milei puede decidir que no se pague?

Habló David Nalbandian tras ser acusado por acoso sexual y hostigamiento a su ex pareja

Malena Galmarini salió a responderle a Javier Milei por la privatización de AySA