Argentina

2023 - 3 - 21

GlobalData forecasts Argentina economy to stagnate in 2023 (GlobalData)

Moreover, the country's economic activity may be limited due to high debt levels, strict import regulations, and low foreign reserves, as the Argentine peso is ...

In addition, high government debt payments with depreciation of national currency may reduce the country’s revenue, which could have been used to support public policy and programs.” Ambari adds: “Argentina’s inflation rate rose sharply from 46.7% in 2021 to 73.3% in 2022, largely due to the government’s printing of money to finance public spending and other ongoing crises. GlobalData forecasts the three sectors to grow by 40.0%, 41.6% and 37.2%, respectively in nominal terms, in 2023. The Argentinean peso depreciated by 37.6% in 2022 and is forecast to depreciate at a faster pace of 76.4% in 2023. The household consumption expenditure growth is expected to slow down from 8.9% in 2022 to 1.2% in 2023.” Moreover, the country’s economic activity may be limited due to high debt levels, strict import regulations, and low foreign reserves, as the Argentine peso is expected to depreciate significantly.

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Image courtesy of "MercoPress"

Argentina tries to collect toll from Paraguay for Parana waterway traffic (MercoPress)

As of Monday last week, Argentina's General Administration of Ports (AGP) started issuing invoices for 'navigation settlements of the previous months.

“Our president expressed the Paraguayan position, and the Argentine president asked Paraguay to make a proposal for a solution to this issue. He also recalled that last week there was a meeting at the Paraguayan Foreign Ministry where they had been briefed about the outcome of the gathering between both heads of state. The recommendation is not to pay the invoices and to reject them with the legal arguments that are already on the table until the situation is resolved at the regional level”, said Esteban Dos Santos, president of the Center of River and Maritime Shipowners of Paraguay.

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Image courtesy of "अमर उजाला"

Video: अर्जेंटीना में लियोनल मेसी भीड़ में फंसे; रेस्त्रां पहुंच गए फैंस ... (अमर उजाला)

Video watch Lionel Messi Mobbed While Leaving Restaurant in Argentina: पिछले साल कतर में मेसी ने अपनी टीम अर्जेंटीना ...

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