Commentary The latest estimates from consensus for the main Latin American economies show a continent facing a lost decade. The region’s GDP growth has been downgraded yet again to a modest 1.1 percent for 2023, with rising inflation and weakening gross fixed investment. Considering that the region was already recovering at a slower pace than…
Pistol-Wielding Gunman Attempts to Assassinate Argentina’s Vice President
In the fashionable neighborhood of Recoleta in Buenos Aires, a lone gunman attempted to shoot Argentina’s Vice-President Cristina Fernandez de Kirchner while she was returning to her apartment on the evening of Sept. 1. Minister of the Economy Sergio Masa called the event an “attempted assassination” on Twitter. This arrives only eight days after legislators…
Argentina Central Bank Hikes Rates to Whopping 69.5 Percent as Country Fights Soaring Inflation
The Central Bank of the Argentine Republic (BCRA) raised its 28-day benchmark interest rate by 950 basis points on Aug. 11, pushing up the rate to 69.5 percent. “The rise in the policy rate will help reduce inflation expectations for the rest of the year and consolidate the financial and exchange rate stability achieved after…
US Tech Sector Sees Highest Job Cuts in May Since Dec. 2020—Report
U.S. employers in the technology sector cut nearly nine times more jobs in May than in the first four months of the year as rising inflation and slowing demand force companies to cut corners. Though overall layoffs in the country reported by global outplacement firm Challenger, Gray & Christmas on Thursday fell 14.7 percent in…
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