Why the economy remains moribund is the subject of a debate that could determine whether Mr. Macri gains additional time, or whether Argentina veers back to populism. PM to address MP farmers via video conference. Consumer prices soared 3.16% over the last month in November, below the 3.76% jump logged in October. Argentina: Industrial output falls back in October. Argentina is an upper-middle-income economy. Argentina has fallen back into crisis for the simple reason that not enough has changed since the last debacle. Argentina’s GDP shrank 10.2 percent in Q3 compared with 2019 Economic recovery in Argentina and throughout Latin America is under threat from a fresh rise in COVID-19 cases. Latin America’s third-biggest economy is repeating a pattern that has dogged it for over 70 years The OECD forecasts Argentina’s economy will shrink 10% this year and Goldman Sachs Group Inc.’s Tiago Severo sees a 9.3% drop. Argentina's economy contracted a record 19.1% in the second quarter versus the same period a year earlier as the coronavirus pandemic crippled production and demand, though was slightly better than analyst forecasts. REUTERS/Mariana Greif/File Photo. How Argentina Can Prevent an Economic Crisis: Dollars. December 16, 2020. Argentina's GDP fell by more than 10% in the third quarter, confirming that the economy is still in dire straits. Updated: Dec 18, 2020, 10.08 AM IST. Bello Argentina’s new government gets to grips with the economy. Losing 1-0, Argentina's now economy minister scored an equalizer but injured himself doing so, former team mate Martin Fiszbein recounted to Reuters. Argentina to tax 12,000 wealthy people to tackle Covid Dubbed the "millionaire's tax", the one-off levy will fund relief measures and health supplies. Argentina’s economy, which declined a revised 5.2% in the first quarter of the year, is estimated to contract around 12% this year, according to a central bank poll and government forecasts. Argentina Blogs, Comments and Archive News on Economictimes.com. Argentina's government has said the new one-off wealth tax could see Latin America's third-largest economy collect up to $3.7 billion. Argentina: Inflation dips in November. PM Narendra Modi will address farmers of Madhya Pradesh a day after they started a foot march from … News in-depth Argentine politics Argentina judicial reforms will shield Cristina Fernández, say critics Detractors claim measures will protect the vice-president and former leader from accountability It mainly relies on natural resources and agriculture. I … December 10, 2020. Industrial output fell 2.9% year-on-year in October, swinging from September’s 3.7% rise—which had marked the … Previous news of "Economy" UN slashes Latin America economic slowdown projection; Lengthy Covid lay-off ban backfires, postponing job crisis; Argentina eyes lithium expansion, but hurdles may dampen ambitions; Guzmán expects new programme with IMF in March or April 2021; Fintech firm Ualá takes mobile payments to small businesses Have you read these stories? A year-end result in … When Martin Guzman was doing a PhD in economics at Brown University in the United States, he and two other Argentine friends formed part of their department's intramural soccer team and reached the tournament final. Jan 16th 2020. Latest news "Economy & Forex" 05:35p ARGENTINA ANNOUNCES PRIMARY FISCAL DEFICIT OF 58.693 BLN PESOS IN NOVEMBER VS DEFICIT OF 6.397 BLN PESOS IN NOV 2019 : Economy ministry Again. Read more Here come the Peronistas, again. Argentina Latest Breaking News, Pictures, Videos, and Special Reports from The Economic Times. Read more. FILE PHOTO: Argentina's Economy Minister Martin Guzman attends a news conference in Buenos Aires, Argentina December 11, 2019. Felipe Evangelista is sitting down at the café he has owned for nearly four decades and all he can see are upside-down chairs stored atop empty tables. "This is undeniably good news." Daniel Victor Sosa. Argentina - Argentina - Economy: Argentina’s economy, which is one of the more powerful in the region, is dependent on services and manufacturing, although agribusiness and ranching dominated the economy for much of the 19th and 20th centuries. Get the latest news and reports on economy, finance and market in Argentina. "That's what we inherited. Argentina’s economy is collapsing. Argentina's economy shrinks 10% in Q3 Deutsche Welle 11:26 17-Dec-20 Patagonia goes P.U.R.E. Argentina's Diego Maradona, one of the world's greatest ever soccer players, was buried on Thursday amid a global outpouring of grief from the streets of Buenos Aires to Naples in Italy. Argentina Economic News. The Peronists are fuzzy about their long-term plans . By 2017, China was the country’s second-largest import partner and third-largest export partner. BUENOS AIRES, Jan 11 1996 (IPS) - Argentina, with an economy struggling to emerge from recession, is seeking admission to the rich countries’ club: the Organization of Economic Cooperation and Development (OECD). Moreover, RT covers travel, cultural and sport news from Argentina, including on one of the famous Argentinian footballers Lionel Messi. It was dollarization in 2000 that saved Ecuador during the Rafael Correa years from experiencing the devastating economic … The Americas Jan 16th 2020 edition. Argentina's economy likely contracted around 20% year-on-year in the second quarter of the year, hit by the coronavirus pandemic and a nationwide lockdown imposed in March, economists polled by Reuters estimated ahead of the official data release on Tuesday. A potential bright spot: as Argentina’s economy has wavered, its economic relationship with China has solidified. Argentina's Economy Minister Martin Guzman poses for a picture before an interview with Reuters at the Economy Ministry, in Buenos Aires, Argentina Dec.10, 2020. Argentina's economy is expected to shrink by 3.1 percent in 2019, inflation is hovering around 55 percent and unemployment is rising to 10.5 percent. 1:35 AM ET Tue, 8 Dec 2020. World Why Argentina Faces an Economic Crisis. Losing 1-0, Argentina… The steep fall, deeper than a 16.3% drop during Argentina… with Nano Puff jacket Miami Herald 11:08 17-Dec-20 Argentina and UK hosted seminar on access to Covid-19 vaccines in Latin America and the Caribbean Mercopress 10:28 17-Dec-20 It's a rather unusual sight. 16 Dec 2020 The World Bank classifies Argentina as a high-income nation. Argentine Chancellor Guido di Tella says that joining OECD, which has only Mexico as a member from Latin America, “is one of Argentina’s objectives for 1996. ... but Argentina's economy still remains reliant onforeign investment,which has largely dried up as investors await the new … As such, the country’s economic … argentina economy videos and latest news articles; GlobalNews.ca your source for the latest news on argentina economy .