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Argentine debt talks will be tense as doubts persist

Location:

ARGENTINA

Speaking before Congress on February 13, Guzman said Argentina had the willingness but not the ability to repay debt. He proposed a gradual path to a balanced budget, to be…

Economic orthodoxy will face challenges in Argentina

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ARGENTINA

The 2021 budget implies a significant fiscal adjustment, with the primary deficit falling from 7-8% of GDP in 2020 to 4.5% in 2021, mainly due to the end of the pandemic relief…

IMF deal will bring little relief in Argentina

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ARGENTINA

The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…

Tourism to drive Belize economic growth amid slowdown

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BELIZE

Real GDP surged by 15% in 2021 and 12% in 2022, then by 4% in 2023. With inflation easing, risks of social instability have probably fallen over the past year, but growth looks…

Few resources remain to stave off crisis in Argentina

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ARGENTINA

The sharp fall came days after President Alberto Fernandez announced that he would not seek re-election, prompting rumours of an imminent devaluation that the government blames on…

Sweeping Argentina reforms will risk more instability

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ARGENTINA

The move followed a sweeping decree issued on December 20 to reform or eliminate some 300 laws governing economic, labour and social issues, and which has already prompted…

Tourism slump will add to Uruguay's economic woes

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URUGUAY

Tourism has seen a sharp drop in the current summer season, affecting foreign exchange inflows at a time when the economy is already slowing and general elections are due in…

Rising emissions worsen global disaster risks

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INTERNATIONAL

Climate and disaster risk.

Argentine economic outlook will worsen this year

Location:

ARGENTINA

The severe drought’s impact on export earnings has fuelled fears of devaluation, increasing exchange pressures and forcing the government to implement further domestic debt swaps…