Argentina’s private sector witnessed the sharpest wage decline in nearly 30 years due to the peso’s significant devaluation under President Javier Milei, reports indicate. This significant financial shift highlights the immediate impact of Milei’s economic strategies, as detailed by government findings. In December, inflation-adjusted salaries dropped by 11%, the steepest monthly decline in 29 years […]
Related Posts
Messi Returns to Argentine National Team for World Cup Qualifiers
Lionel Messi rejoins the Argentine national football team for upcoming World Cup qualifiers. Coach Lionel Scaloni included the star player in his squad for matches against Venezuela and Bolivia. The team captain returns to the World Cup champions after missing two recent games. Argentina won 3-0 against Chile in Buenos Aires but lost 2-1 to […]
Uruguay’s Modest Growth Journey
Analysts have revised Uruguay’s economic growth forecast for 2023 to a modest 0.35 percent. This is a decrease from the earlier 0.70 percent prediction. The Central Bank of Uruguay (BCU) reported these figures. Their Expectations Survey showed this revised outlook. Opinions on the country’s Gross Domestic Product (GDP) vary. Some experts foresee a slight decline […]
Cabo Verde’s banking system is resilient but not free of credit concerns
In 2022, Cabo Verde’s Central Bank (BCV) highlighted the persistent resilience of the country’s financial system. However, it raised concerns over the significant levels of defaulting credit held by banking institutions. This observation comes despite the country’s financial system maintaining its stability amidst global challenges like the Ukrainian conflict and a worldwide economic slowdown. The […]