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Tag: Argentina Economy

RIO DE JANEIRO, BRAZIL - The Argentine Chamber of Mining Entrepreneurs (CAEM) reported that the country’s mining output fell by 70% year-on-year in 2020 due to the effects of the Covid-19 pandemic. According to state-owned news agency Télam, CAEM also...
RIO DE JANEIRO, BRAZIL - For the fourth day running independent truck drivers are blocking roads in Argentina as part of a protest over what they describe  as exorbitant fuel prices, taxes, and highway tolls. According to Argentina Cereals...
RIO DE JANEIRO, BRAZIL - Argentina ended 2020 with a cumulative inflation rate of 36.1 percent year on year, after registering the biggest price increases of the year in December, the National Institute of Statistics and Censuses (INDEC) reported...
RIO DE JANEIRO, BRAZIL - On Monday, January 11th, the Brazilian automotive industry suffered a major blow: Ford announced the closure of its three plants in the country, shutting down its domestic production of vehicles such as the EcoSport,...
RIO DE JANEIRO, BRAZIL - The pandemic, which forced the world's population to shop more online as a result of isolation measures, has turned the e-commerce firm, already one of Latin America's most valuable companies, into a regional titan. From...
RIO DE JANEIRO, BRAZIL - Argentina's economy is expected to grow 5.5% in 2021, after a contraction of about 12% last year due to the COVID-19 pandemic, with inflation seen ending the year at 49.8%, according to a survey...
RIO DE JANEIRO, BRAZIL - Argentina’s central bank on Wednesday imposed a new rule limiting the import of foreign luxury goods as part of its effort to stanch the outflow of its own international currency reserves. Luxury goods like high-end...
RIO DE JANEIRO, BRAZIL - Argentina's country risk reached a maximum of 1,417 basis points on Tuesday, reflecting investors' fears about the behavior of the domestic economy and doubts about the international situation of the markets, traders told Reuters. They...
RIO DE JANEIRO, BRAZIL - Argentina collected 679 billion pesos (US$8 billion) in tax revenue in December, up 38.6% versus the same month a year earlier, the government’s AFIP tax authority said on Monday, January 4th. Revenue was up 32.1%...

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