News from South American Economy
Stay current with all the latest and breaking news about South American Economy, compare headlines and perspectives between news sources on stories happening today. In total, 56 stories have been published about South American Economy which Ground News has aggregated in the past 3 months.
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Javier Milei · ArgentinaThe International Institute of Finance (IIF) analyzed the first 5 months of management. He pondered the adjustment and warned of the need to advance reforms with political support.See the Story
The international banking association estimated that Milei needs to accumulate an additional $10 billion to raise the stocks
100% Left coverage: 1 sources
Americas · ArgentinaThe recent presidential decree extends the tax on foreign exchange purchases for the repatriation of profits and the subscription of special bonds, citing the objective of stimulating domestic investment and ensuring a sustainable fiscal pathSee the Story
The Government extended the scope of the PAIS Tax to the payment of dividends, profit transfers and Bopreal subscriptions
100% Left coverage: 1 sources
Inflation · ArgentinaThe decision to keep the amount of pesos constant and the decline in salaries explain the collapse of inflation, which has been consolidating this month. Milei has already expressed that there is no need to expect a devaluation and, for now, there are no deadlines for lifting the freeze.See the Story
Mayo began with food deflation and strong discounts have been coming in almost all sectors.
100% Left coverage: 1 sources
Javier Milei · ArgentinaThe Organization for Economic Cooperation and Development has worsened its forecast of economic activity decline for 2024; Finance Minister Diana Mondino is already in Paris to accelerate the country's entry into that body.See the Story
The OECD said that Argentina will suffer a severe recession in 2024, but praised the drop in inflation
100% Left coverage: 2 sources
Americas · ChileThe organization noted that - in comparison - Chile's tax collection as a percentage of GDP “is low”, indirectly giving support to the tax reform that the Government is trying to promote, with which it intends to collect 2.7% of GDP.See the Story