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Argentina's 2023 annual inflation was the highest in the world at 211.4%. [43] In January 2024, Argentina’s poverty rate reached 57.4%, the highest poverty rate in the country since 2004. [44] 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. [45]
The IMF, which approved a bailout for Argentina in 2018, the fund’s biggest ever, sees the economy shrinking by 3.5% overall this year, following a 1.6% contraction last year.
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 ...
On May 9, 2024, Argentina's biggest trade unions announced a 24-hour strike, [28] causing 46 million to a standstill [clarification needed] as banks, businesses and state agencies closed in protest. [29] On May 26, 2024, Argentina's police dispersed a peaceful anti-government protest in Córdoba. Several people were arrested and injured. [30]
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.
Activity levels are at all-time highs in Argentina's prime region for oil and gas production, but equipment and transport bottlenecks are limiting its growth, energy executives said on Thursday at ...
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 ...
Argentina's mining sector could be forced to shut if the government does not remove barriers to importing key supplies, the country's CAEM mining chamber said on Wednesday. Falling international ...