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ARGENTINA: Spending cuts will prove unsustainable
The primary surplus (0.6% of GDP) was driven by a 35% real fall in primary spending, which offset a recession-induced 4.5% drop in revenues. Month-on-month inflation has also…
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DOI: 10.1108/OXAN-DB286714
ISSN: 2633-304X
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The government has posted the first fiscal surplus in years, inflation has declined and foreign currency reserves have risen from USD21.0bn in mid-December to USD28.5bn. However…
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DOI: 10.1108/OXAN-DB285892
ISSN: 2633-304X
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President Javier Milei, who denounced the bill’s opponents as ‘traitors’, has said he will not bring it back to debate, at least for now. With his December emergency decree also…
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DOI: 10.1108/OXAN-DB285204
ISSN: 2633-304X
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With Milei now predicting six months of stagflation and up to two years to reduce inflation from triple digits, dollarisation appears to have been shelved. Instead, he seems…
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DOI: 10.1108/OXAN-DB283767
ISSN: 2633-304X
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Bond markets have responded positively to Milei’s victory, followed by the announcement that he would re-privatise state oil company YPF and other companies, but domestic exchange…
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DOI: 10.1108/OXAN-DB283523
ISSN: 2633-304X
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Although pre-election spending normally militates against a sharp drop in growth in election years, there is little margin for this in a context of low reserves, spiralling…
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DOI: 10.1108/OXAN-DB279852
ISSN: 2633-304X
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Prospects for Argentina in 2023.
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DOI: 10.1108/OXAN-DB273893
ISSN: 2633-304X
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Although styled as the more 'business-friendly' candidate, Macri will face numerous challenges in making rapid macroeconomic changes, despite the need to do so. Since 2003, when…
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DOI: 10.1108/OXAN-DB206839
ISSN: 2633-304X
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ARGENTINA: Poverty will be key election issue