By Buenos Aires Times

Inflation hit 1.9 percent in September, the INDEC national statistics bureau announced on Thursday,  pushing the rate for the year so far to 17.6 percent, above the Central Bank’s annual target of between 12 to 17 percent. 

In Buenos Aires province, consumer prices rose by two percent, the region’s highest level since April. 

While the government has seen a string of positive economic headlines of late, these latest figures emphasise the... (Read More)

By Financial Times

After the collapse of the commodity boom, South America suffered a long, hard and deep slowdown. But now growth is coming back. It may even be stepping up a gear.

In Brazil, falling inflation and a steep drop in interest rates has helped expand consumption. Colombia is enjoying the same. In Argentina, fiscal pump priming ahead of October’s crucial midterm elections is helping to goose activity. Temporary factors that weighed on growth in Chile (a mining strike) and Peru (floods) have also passed. According to Capital Economics, its GDP tracker for Latin America is now expanding at a three-year high of 3 per cent. Bring it on!

This return to growth is a blessed relief for the region. In 2015, Latin America’s $6tn economy registered no growth whatsoever. Last year, it shrank by 1 per cent. Yet the deceleration has in fact been going on far longer. Growth peaked in 2013 at 6 per cent. Since then, it has been a straight line downhill.

If it lasts, this return growth will have important political effects — especially in Argentina. For example, poverty rates there have now started to fall, as President Mauricio Macri’s economic policies start to benefit lower-income families. Sprouting “green shoots” may also take some of the rancour out of the Brazilian and Colombian presidential elections next year.

Sadly, though, that won’t be the case for all countries that have scheduled elections next year. In Mexico, abetted by the uncertainty of the... (Read More)

By Bloomberg

Where in the world can you get more than 11 percent from bonds since June and 41 percent from bank stocks this year, with inflation evaporating as the gross domestic product and currency strengthen? That would be Argentina, a financial integrity scofflaw for most of the past century, now bringing a bonanza to global investors.

Since he was elected president almost two years ago, former Buenos Aires Mayor Mauricio Macri is delivering on his promise to reverse the runaway cost of living and peril of default. He ended currency, price and trade controls and plans to... (Read More)

By Bloomberg

Argentina’s equity markets are gaining momentum, with $3.5 billion ready to go public as some of the country’s largest companies look to raise capital for the first time.

Cement-maker Loma Negra Cia Industrial Argentina SA and agribusiness group Molino Canuelas Sacifia are among a half-dozen companies working to sell shares overseas in the next six months. That would be the most equity-market debuts -- and the greatest value -- since at least 2007, when four firms raised a total of... (Read More)

By Business Insider

Merval, the main index of the Buenos Aires Stock Exchange, increased 0.33%, cutting back the gains obtained as soon as it opened, after the government announced that it would lift price control on... (Read More)

By Buenos Aires Times

In most parts of the world it is agreed that from now on a country’s “competitiveness” will depend on the academic level of its inhabitants. Experts tell us that for those countries in which lots of people have university degrees or, at the very least, have learned a useful trade, the future will be bright, while others will lag further and further behind.

This view is fully shared by Mauricio Macri and his advisors. They take it for granted that Argentina’s labour force urgently needs upgrading. Like their counterparts elsewhere, they want youngsters to acquire skills that will enable them to... (Read More)

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