Monthly contraction of 0.8% forecast based on January tax collection data

Economy Minister to announce repo credit of around US$1 billion as sovereign fund negotiations continue

The projections from analysts ranged from a minimum January rise of 5.2% to a maximum of 6.5%, driven mainly by utilities costs.

The local grain futures market is already assuming that the government will launch a renewed soy dollar in July, or another mechanism to speed up the entry of fresh dollars.  It comes as drought continues to reduce soy harvest forecasts, with the liquidation of foreign currency for the …

This year the agricultural industry will export US$13 billion less than in 2022, mainly due to the ongoing drought, Foundation for Agriculture Development (FADA) has found. Moreover, the Rosario Stock Exchange reported that corn crop projections fell by 15% while soybean harvests were down by 7%. According to …

Opposition coalition Juntos por el Cambio questioned this Monday the sustainability of the debt in pesos taken by the national government. The government responded with barbed comments, triggering a protracted dispute. The controversy started when Juntos por el Cambio’s national board issued a statement calling the peso debt …

Energy Secretary Flavia Royón announced yesterday that power prices would go up by 36% during the third stage of subsidy segmentation, which will start this year. This announcement was made the same week that a new mission from the International Monetary Fund (IMF) arrived to review Argentina’s accounts …

Prices rose by 7.3% in January in Buenos Aires, according to the city government’s statistics and census board. Inter-annual inflation in the capital hit 99.4%, with values soaring above 100% in several economic sectors. The figure represents a 1.5% increase compared with December, when monthly inflation for the …

Analysts consulted by Argentina’s central bank expect surging consumer prices to rise slightly this year, the bank said on Friday, which would mark a second straight year of near triple-digit inflation for South America’s second-biggest economy. Consumer prices are seen rising by an annual rate of 97.6% in 2023, …