News of recession

FINANCIAL POLICY

Brazilian Central Bank cuts interest rate to record low

19-09-2019 16:30 Monetary authority slashes interest rates to a record low 5.5% for the second time in less than two months, as Latin America's biggest economy expresses concerns over "more intense slowdown in the global economy."

ECONOMIC INDICATORS

Inflation in August reached 4%, so far this year prices up 30%

12-09-2019 16:32 Price increases accelerated last month, according to INDEC bureau. Inflation over last 12 months now totals 54.5%

ELECTION 2019

Alberto Fernández: Difficult times ahead due to 'decimated' economy

10-09-2019 07:48 "If I win, I know that the first years of my management will be difficult because I will receive a decimated economy," declares Frente de Todos presidential candidate.

ECONOMIC INDICATORS

Macri: Inflation in August will be above three percent

27-08-2019 14:43 "It's going to be three-something in August. It's not good, it's very bad," the president said at an event alongside agricultural producers and farm-owners.

ECONOMIC INDICATORS

Inflation for July 2.2%, prices up 25.1% in last seven months

15-08-2019 16:17 INDEC data reveals prices have risen by 54.4% over the last 12 months.

Signs of recovery

Argentine economy grows 2.6 percent in May due to boost from harvest

26-07-2019 16:41 The positive figures broke 12 consecutive months of economic recession and is a major victory for president Macri who faces a tight reelection campaign.

ECONOMIC OUTLOOK

Brazil faces recession risk after economy shrinks in first quarter

31-05-2019 07:39 Latin America's biggest economy on brink of recession once again, new data confirms.

POVERTY & INEQUALITY

Brazil's poor are squeezed as inequality grows

28-05-2019 13:50 Study released this month by the Getúlio Vargas Foundation found that the key measure of income inequality has reached its highest level since the series began seven years ago, with Brazil among the most unequal nations in a broader region where the gap between rich and poor is notorious.

AS I SEE IT

Dreaming of a quick fix

15-09-2018 12:48 If Cristina’s cronies really did bury containers stuffed with paper money in remote Patagonian farmsteads, they will have been full of dollars, euros, Swiss francs, pounds sterling, yuans and yens, not pesos.

AS IMF VISITS

Soy exporters suffer brunt of US$2.25b austerity package

18-08-2018 09:51 The government hopes to save 65.5 billion pesos in the next 16 months by freezing planned tax cuts on soy byproducts for six months and winding back export duty rebates.

ECONOMIC OUTLOOK

Recession looms as INDEC registers sharp fall in economic activity

28-07-2018 09:54 Economic activity in May contracted 5.8% year-on-year, led by 35% drop in farming activity.

ECONOMIC QUESTIONS

Changing scenario – or staged?

26-05-2018 09:46 Now that an overvalued peso has been abandoned as an anchor against inflation, the next most effective tool in Argentine experience has been recession.

by Michael Soltys