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Argentina's economic activity likely plunged 5.9% year-on-year in February, a Reuters poll of market analysts showed on Monday, which would make a fourth straight monthly slide amid tough austerity measures under new libertarian President Javier Milei. The expected slide underscores the impact of Milei's cost-cutting on the real economy, even as it helps to boost the government's fiscal position after years of deficits and to rebuild depleted central bank reserves. According to the mid-April poll, the 11 analysts estimated declines for the month ranging from 4.1% to a maximum ...

By Hernan Nessi BUENOS AIRES (Reuters) - Argentina's economic activity likely plunged 5.9% year-on-year in February, a Reuters poll of market analysts showed on Monday, which would make a fourth straight monthly slide amid tough austerity measures ...

By Hernan Nessi BUENOS AIRES (Reuters) - Argentina's economic activity likely plunged 5.9% year-on-year in February, a Reuters poll of market analysts showed on Monday, which would make a fourth straight monthly slide amid tough austerity measures ...

Argentina's markets, which soared after President Javier Milei took office a month ago, are now giving the libertarian leader a dose of reality, with bond prices slipping, the peso weakening again and investors wary of the government's new debt auctions. The splash of cold water from investors after an initial honeymoon underscores the huge challenge facing Milei as he looks to tamp down inflation heading towards 200%, head off social unrest, rebuild depleted reserves and rescue a $44 billion program with the International Monetary Fund (IMF). He also faces push-back to his 'o...

By Jorge Otaola