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The price of meat was kept artificially high by the government, by means of the combination of a special tariff applied to cattle imports from Argentina, to protect the domestic producers, and a runaway inflation. The riots lasted from October 22 until October 27, and between 200 and 250 people were killed over this period, while more than 500 ...
The economy of Argentina is the second-largest national economy in South America, behind Brazil. Argentina is a developing country with a highly literate population, an export-oriented agricultural sector, and a diversified industrial base. Argentina benefits from rich natural resources. However, its economic performance has historically been ...
Exports had soared after the collapse of 2001 forced the government to let the national currency (the peso) float and depreciate. As a result, internal prices of beef, a major staple of Argentine diet , rose considerably, and part of the beef production was diverted from the local market to importers abroad.
Argentine President Mauricio Macri on Monday announced new taxes on exports in the world's third-biggest soy producer and steep cuts to spending in an "emergency" bid to balance next year's budget ...
Argentines, famed for steakhouses, sprawling cattle ranches and asado barbecues, are consuming less beef than ever, forced to tighten their belts by triple-digit inflation and a recession. Beef ...
Argentine trade with fellow Mercosur nations reached US$35 billion in 2022, and as in most years remained in deficit for Argentina with US$15.8 billion in exports and US$19.3 billion in imports. Mercosur buys 68% of Argentine exports of motor vehicles and auto parts, and these made up three-eights of total exports to the bloc in 2022. [21]
Argentina's poverty rate soared past 40% in the first half of this year. (Reporting by Maximilian Heath; Writing by Sarah Morland; Editing by David Alire Garcia and Leslie Adler) Show comments
The versatile legume makes up about half the nation's crop production and a fourth of its exports. Agriculture is one of the bases of Argentina 's economy . Argentine agriculture is relatively capital intensive, providing about 7% of all employment as of 2013, [ 1 ] and, even during its period of dominance around 1900, accounting for no more ...