News of world economy

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.

World Bank approves US$2 billion of funds for Argentina in 2022

23-02-2022 12:45 World Bank commits more than US$2 billion in fresh funding to Argentina following meeting with officials.

Guzmán’s wet dream

28-01-2022 22:14 It isn’t entirely clear whether this is a good or a bad agreement for Argentina, but there should be no doubts that the beleaguered nation needed to reach some sort of deal with the IMF ahead of an impossible debt calendar.

by Agustino Fontevecchia

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.

Climate talks in times of crisis: Your roadmap to COP26

25-10-2021 11:15 Glasgow will welcome world leaders and thousands of attendees for the crucial COP26 United Nations summit on climate change in November.

As COP26 nears, the toughest goals are still out of reach

25-10-2021 09:51 With seven days to go until global climate talks kick off in Glasgow, the chances of success remain decidedly mixed.

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.