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In Argentina, real estate agents have one key piece of advice for potential home buyers: bring cash, big bags of it. Pro-free-market President Javier Milei is trying to fix the South American country’s economy after years of crisis and high inflation. Part of his solution is to encourage banks to revive the moribund local mortgage…
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Argentines taking to the streets to revel in their Copa América triumph inhabit a very different place now than they did 19 months ago, when their World Cup win sent millions surging into the same Buenos Aires square in a howl of collective celebration. “Glorious,” Diego Cáceres, 38, recalled of Argentina’s massive open-air party on…
The fall in activity in March follows year-on-year declines of 3.0% in February and 4.1% in January. File | Photo Credit: AP Argentina’s economic activity fell 8.4% in March from a year earlier, the country’s official statistics agency said on May 22, its fifth monthly drop in a row and the steepest fall since 2020….
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President of Argentina, Javier Milei. File Argentina’s monthly inflation rate eased sharply to a single-digit rate in April for the first time in half a year, data released Tuesday showed, a closely watched indicator that bolsters President Javier Milei’s severe austerity program aimed at fixing the country’s troubled economy. Prices rose at a rate of…
Read More “Argentina reports its first single-digit inflation in six months” »
