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May 14, 2024 · BUENOS AIRES, Argentina (AP) — Argentina’s monthly inflation rate eased sharply to a single-digit rate in April for the first time in half a year, data released Tuesday showed, a closely watched indicator that bolsters President Javier Milei’s severe austerity program aimed at fixing the country’s troubled economy.
May 7, 2024 · Argentina’s peso has shed 95 per cent of its value over the past five years as a severe economic crisis has taken hold, driving the annual inflation rate to 287 per cent in March.
- Ciara Nugent
3 days ago · All values, unless otherwise stated, are in US dollars. The economy of Argentina is the second-largest national economy in South America, behind Brazil. Argentina is a developing country with a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Argentina benefits from rich natural resources.
May 8, 2024 · Argentina has continuously run fiscal deficits since 2009, with the shortfall reaching 4.4% of GDP in 2023. Governments do not always need to run fiscal surpluses, especially in a growing economy with access to international capital markets. But Argentina is a long way off being in this situation.
May 13, 2024 · Updated 11:28 AM PDT, May 13, 2024. BUENOS AIRES, Argentina (AP) — The International Monetary Fund, Argentina’s biggest creditor, agreed Monday to release the next tranche of loans due under a bailout program, endorsing government austerity measures so severe they even surpass the terms of its $43 billion loan.
1 day ago · By Duncan Mil. May 21, 2020 - The people of Argentina remember all too well the 2001-02 sovereign debt crisis that wiped out savings overnight and caused soaring unemployment. The crisis triggered a deep recession in which four presidents lost their jobs in just ten days. View More.
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