In a drastic economic turnaround, last Tuesday, the government headed by Javier Milei devalued the national currency by more than 50 %, setting the official exchange rate at 800 pesos to the dollar, compared to 391 at the close of the previous Thursday. The measure was announced by the Minister of…
Read More...
Browsing Tag
Subsidies
China and EU discuss electric cars issues
In a momentous meeting, Valdis Dombrovskis, Vice President of the European Commission and in charge of Trade, will hold a high-level economic dialogue with He Lifeng, Chinese Vice Premier. This long-awaited event will take place amid…
Chile seeks to recover its economy through liquidity injection
Chile has one of the strongest economies in Latin America. However, it does not escape global financial, social and political instability. In order to meet these challenges, the Executive of Sebastián Piñera announced that he will raise the…
Argentina has the highest public spending in Latin America
According to a report by the Inter-American Development Bank (IDB), public spending in Argentina is equivalent to 7.2% of GDP. The figure is alarming because it places the nation above the inefficiency average of the region, estimated at…