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ARGENTINA: Inflation slows but recession will linger
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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ARGENTINA: World Bank optimism may be premature
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 Luis Alberto Lacalle, who is not eligible for re-election, has seen his approval ratings fall somewhat over the past year although they remain positive. He hopes to…
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DOI: 10.1108/OXAN-DB284458
ISSN: 2633-304X
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ARGENTINA: Austerity package will see new contraction
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DOI: 10.1108/OXAN-ES284926
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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The following week, the US Department of Agriculture (USDA) approved imports of Paraguayan beef for the first time in 26 years. These positive developments come at a time of…