The Economist - Reino Unido

Argentina The Economist - Reino Unido Economía

Current-account adjustment continues apace

The current-account deficit came in at US$2.6bn in the second quarter of 2019, down significantly from US$8.5bn in the year-earlier period.
Argentina The Economist - Reino Unido Economía

Government sends bill to Congress to reprofile debt

On September 19th the administration of the president, Mauricio Macri, sent legislation to Congress aimed at reprofiling domestic-law debt
Economía The Economist - Reino Unido Inversiones

FDI inflows paint a mixed picture in 2018

Foreign direct investment (FDI) in Latin America posted a mixed performance in 2018, according to data from the UN Economic Commission for Latin America and the Caribbean (ECLAC). Total inflows rose by 13% year on year in 2018, reversing a five-year period of decline.
Política The Economist - Reino Unido Politica Latinoamericana

Why Latin America’s left loves the petroleum economy

Climate issue: On energy and the environment, the region’s left-wing leaders are throwbacks, not progressives
Argentina The Economist - Reino Unido Economía

Treasury unveils 2020 budget bill

On September 16th the Treasury minister, Hernán Lacunza, formally presented draft budget legislation for 2020 to the Chamber of Deputies (the lower house of Congress). Despite recent setbacks, the government has reiterated its commitment to fiscal adjustment measures in order to produce a primary surplus of 1% of GDP in 2020.
Economía The Economist - Reino Unido Economía Internacional

EIU global forecast - Trade war drags down global growth

If Saudi Arabia does manage to restore output within weeks (as we currently expect), and if geopolitical tensions die down, oil prices should ease back to an average of US$65/barrel in the final three months of the year (from about US$70/b just after the attack).
Argentina The Economist - Reino Unido Política

Government and opposition put forward social relief measures

Both the government and the political opposition (which looks set for a return to power in December) are launching measures aimed at improving social conditions and reducing the risk of a governability crisis (Economist Intelligence Unit).
Argentina The Economist - Reino Unido Política

Blame populists, not reformers, for Argentina’s latest fiasco

The economy has suffered from the legacy of the past and fear of the future (Sep 5th 2019)
Argentina The Economist - Reino Unido Economía

In Argentina, Mauricio Macri's dying government mimics its opponents

Argentina’s selective default and currency controls feel like the bad old days
Argentina The Economist - Reino Unido Economía

Argentina’s beleaguered government imposes capital controls

The government announced a “reprofiling”—ie, delayed repayment—of $100bn-worth of short term borrowings and raised the prospect that some longer-term debts might be rejigged, too. That led to a new wave of capital flight and a few days later the reimposition of currency controls.
Economía The Economist - Reino Unido Economía Regional

Major regional central banks begin an easing cycle

A monetary easing cycle is now under way in the region, with several major countries cutting rates in recent weeks, including Chile (in June), Brazil (July), Mexico (August) and Peru (also August). In addition, several smaller countries, such as Paraguay, Costa Rica and Jamaica, have cut rates this year too.
Argentina The Economist - Reino Unido Economía

Government announces debt reprofiling programme

On August 28th the newly appointed Treasury minister, Hernán Lacunza, announced a battery of measures aimed at reprofiling the public debt, in order to lengthen maturities and narrow the near- and medium-term financing gap.
Argentina The Economist - Reino Unido Economía

Argentina’s crisis shows the limits of technocracy

Mr Macri is not quite beaten yet. The presidential election is not until October 27th. But in Argentina’s peculiar system, the primaries are a dress rehearsal. Few think he can overturn a 16-point deficit in nine weeks. The fact that the peso crashed after the primary result will add to inflation of 50% a year and makes his task even harder.
Argentina The Economist - Reino Unido Política

Might Mauricio Macri be reelected in Argentina?

Primary elections will give a strong hint of what his chances are. The primary election has no practical effect at the presidential level, because both Mr Macri and Mr Fernández are unchallenged within their parties. But since all Argentines over the age of 16 are legally obliged to vote, it functions in effect as a dry run of the October election. es un sitio web oficial del Gobierno Argentino