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Over half of the population lived in poverty during the first half of 2024, though the poverty rate has begun to decline since spring, and the Argentine central bank doesn't have enough foreign ...
Argentina's 2023 annual inflation was the highest in the world at 211.4%. [41] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [42] Because of Milei's policies, the monthly inflation rate dropped to 2.4% in December 2024, marking an end to Argentina's period of hyperinflation. [43]
Argentina's annual inflation rate fell to 117.8 percent in 2024, marking a significant drop of 93.6 points compared to the record 211.4 percent inflation rate of 2023. The sharp decline signals a ...
BUENOS AIRES (Reuters) -Argentina will weaken its peso over 50% to 800 per dollar, cut energy subsidies, and cancel tenders of public works, new Economy Minister Luis Caputo said on Tuesday ...
July 12 – Argentina formally designates Hamas as a terrorist organisation. [20] July 14 – Argentina wins its 16th Copa America title following a 1-0 match against Colombia at the 2024 Copa América final held in Miami. [21] July 15 – An A-4AR Fightinghawk attack aircraft of the Argentine Air Force crashes in Villa Reynolds Airport, San ...
With industrial production of USD $79.8 billion in 2023 (19% of GDP), Argentina is the third-largest industrial power in Latin America after Mexico and Brazil. [1] Argentina has a sophisticated industrial base that ranges from small and medium-sized enterprises to world-class facilities operated by domestic and multinational corporations.
On 12 June 2024, Argentina's Senate passed Milei's reforms by a majority vote of 37–36. The package included "measures on privatization and tax breaks for investors". [5] Most of the protests took place in Buenos Aires, the capital and the most populous city in Argentina. Riot police attempted to disperse the protesters and arrested 18 ...
Argentina's libertarian President Javier Milei laid out a bleak vision in his maiden speech a year ago amid an economic crisis. The crowd in front of Congress cheered his every word. A year later ...