In the first three months of the year, Argentina’s poverty rate hit an alarming 55%, the highest since 2002. This was reported by the Universidad Católica Argentina’s Social Debt Observatory (ODSA-UCA). Indigence also rose to 18%, reflecting severe economic distress. Agustín Salvia of ODSA-UCA notes that this spike was primarily fueled by a significant price […]
Related Posts
IMF Projects Bolivia’s 2024 Growth at 1.6% Amid Economic Headwinds
Bolivia faces modest economic growth prospects for 2024, as the International Monetary Fund forecasts a 1.6% expansion of the country’s economy. This projection stands significantly below the Bolivian government’s optimistic target of 3.71% GDP growth. The IMF expects Bolivia’s inflation rate to reach 4.3% by year-end, showing relative price stability in the regional context. The […]
Shipping firms pay record sums for fast passage through Panama canal
Shipping firms are forced to pay record sums for fast passage through a backlog of ships waiting to traverse the Panama Canal. A drought exacerbated this situation. A company recently paid US$2.4 million, plus a $400,000 standard fee, for expedited vessel passage, reported Avance Gas Holding Ltd. The ship queue has grown due to drought-induced […]