News of world economy

Argentina ranks third for offshore bank accounts in 'Pandora Papers' leak

05-10-2021 09:25 New leak of nearly 12 million documents from financial services firms shows how elite use tax havens to stash assets worth hundreds of millions of dollars. Number of Argentines appear, including Gianfranco and Mariano Macri, Jaime Durán Barba, Daniel Muñoz, Ángel Di María, Javier Mascherano, Mauricio Pochettino and Zulemita Menem.

Facebook, Instagram, WhatsApp hit by widespread outage

04-10-2021 20:55 Facebook battled duelling crises on Monday as it faced a large-scale outage of its dominant social network for seven hours, and fought against a whistleblower's damning revelations.

WTO: Argentina among top 15 countries with most import barriers

28-07-2021 22:00 New WTO and UNCTAD technical report warns country is among those which slap the most levies on the entry of products, with Brazil next in 16th position.

Global tax overhaul nears historic deal amid last-minute hurdles

03-07-2021 13:31 Deal is a victory for the Joe Biden administration and its global allies, although it still faces multiple significant obstacles to completing an ambitious plan that has been years in the making.

World Bank forecasts 'modest recovery' for Latin America and Caribbean

09-06-2021 14:51 Latin America and the Caribbean will have "modest economic recoveries" in 2021, the World Bank has warned. Argentina's economy forecast to rebound 6.4% this year.

Guzmán praises G7's minimum global corporate tax initiative

06-06-2021 09:32 Argentina's economy minister says move to create a global minimum corporate tax rate of 15% is "a positive step to attack tax avoidance from multinationals."

May Day comes with a Mayday

01-05-2021 00:01 With President Alberto Fernández essentially extending more of the same for the next three weeks on Friday, neither the present nor the immediate future offer any escape from the grim data of the coronavirus pandemic.

IMF projects stronger 2021 growth amid pandemic rebound

06-04-2021 11:01 IMF forecasts that recession-hit Argentina's economy will grow by 5.8% this year, with global GDP expected to rebound 6% overall.

World economy seen withstanding virus better than forecast

16-09-2020 15:35 OECD upgrades the global outlook, but makes huge downward revisions to a number of emerging markets. India, Argentina, Mexico and South Africa will suffer more than predicted in June, it says.

Pandemic wrecks global class of 2020's hopes for first job

11-08-2020 14:38 Around the world, young people armed with new degrees, diplomas and professional qualifications are struggling to enter the workforce as the pandemic pushes the global economy into recession.

In perennial economic crisis, Argentina faces worst year yet

23-06-2020 23:15 Some analysts are predicting a record contraction for Argentina's economy this year, with double-digit estimates of decline beginning to emerge.

INDEC: Economy contracted by 5.4% in first quarter of 2020

23-06-2020 20:37 Unemployment rose to 10.4% in the first three months of the year, before the coronavirus lockdown kicked in, national statistics bureau reveals.

Hedge funds build war chests to target dislocated debt in Europe

21-05-2020 01:27 About a dozen funds are in race to gather more than US$11 billion, which would more than double the unspent capital available in European distressed debt money pools, according to data compiled by Preqin.

For Argentina, coronavirus is a matter of life or debt

11-05-2020 08:00 So profound are Argentina’s self-made misfortunes that an imported contagion and the economic turmoil it has wrought have thrown out an unexpected lifeline.

by Mac Margolis

The virus is winning on all fronts

25-04-2020 12:02 What might be just about tolerable for a couple of months most definitely would not be if, as seems more than probable, the “emergency” that allegedly justifies such stringent measures drags on for many years to come.

by James Neilson

Poverty will likely climb to 45% as result of lockdown, says UCA

24-04-2020 00:44 Agustín Salvia, director of UCA’s influential Social Debt Observatory, says poverty rate in the first quarter of the year will likely rise to around 45% amid coronavirus pandemic.

IMF predicts Argentina's economy will contract by 5.7% this year

14-04-2020 19:03 Fund's officials forecast that Latin America and the Caribbean as a region will contract 5.2% in 2020 as activity grinds to a halt. 

World Bank: Argentina's economy to shrink by 5.2% this year

13-04-2020 08:41 World Bank predicts Latin America shrinking by 4.6% this year, with growth only returning in 2021.

Fragile Latin America faces another lost decade – and maybe worse

07-04-2020 17:29 Like most of the world, the region is bracing for the deepest recession in its modern history. Bank of America expects a 4.4% slump in output this year as the coronavirus epidemic spreads.

Half-million infected with virus worldwide as economic toll rises

26-03-2020 17:11 Human toll of lockdowns against the coronavirus mounts as a record-shattering 3.3 million US citizens applied for unemployment benefits in a single week.