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Latin American economies: Argentina's perpetual crisis | USA

Economic activity was devastated in Argentina during the fateful year of 2020. Official data records a 10% contraction, the largest decrease on the continent alongside Peru, if the Venezuelan catastrophe is not taken into account. In 2002, when Argentina collapsed, the fall was only slightly worse at 10.9%. Inflation is high (38.5% over the last 12 months and picking up), the peso continues to devalue, Central Bank reserves stand at less than $3 billion and four out of every 10 Argentines live below the poverty line. The macroeconomic outlook is alarming.
Argentina, though, is accustomed to bankruptcy and recovery. And to relative decline. Since 1921, when it was one of the richest countries in the world (GDP per capita at that time was on a par with France and Germany), Argentina has experienced average annual inflation of 105% and has been obliged to change its currency on five occasions: the ....

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Bolsonaro and the President of Uruguay defend the "flexibilisation" of Mercosur and talk about the meeting of the leaders of the bloc – 02/03/2021 – Marché – KSU

ksuadminFebruary 3, 2021
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President Jair Bolsonaro (without a party) and Uruguayan leader Luis Lacalle Pou defended this Wednesday (3) changes to the rules of Mercosur (3) so that countries have more freedom to negotiate with countries outside the bloc.
The two leaders, who had lunch at the Palácio da Alvorada in Brasília, also announced that the leaders of the four Mercosur members intended to meet at the end of March, in the town of Foz do Iguaçu (PR).
If confirmed, it will be the first face-to-face meeting between Bolsonaro and Argentine President Peronist Alberto Fernández, with whom the Brazilian has played in critical exchanges in the past. ....

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