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In the budget of Argentina for 2019, approved by the Senate last week, expenditure items were significantly reduced, according to the terms of the loan from the International Monetary Fund. According to Buenos Aires Time, in the budget, social spending reduced by 35%, taking into account inflation, and the cost of servicing the public debt increased by 50%. According to official data, inflation in October reached a maximum over several years of 45.9%, rising from 40.5% in September. Relative to the previous month, consumer prices rose by 5.4% after rising 6.5% a month earlier. Argentina's loan, approved by the IMF in the amount of $57 billion, has become the largest in the history of the fund. Argentina’s next year’s budget provides that inflation will slow to 23% by the end of 2019.
June had seen Philippine inflation advancing faster than what was initially thought. This followed after one of the world’s longest coronavirus lockdowns was lifted. Moreover, food, fuel prices, and the transport index were seen at higher ...
Taiwan's exports for June has been forecasted to have dropped by 3% in contrast to a year earlier, according to a median forecast of 13 analysts polled by Reuters. The results are based on the uncertainties of the COVID-19 pandemic as it continues ...
Asian shares traded slightly higher earlier on Wednesday after China released gloomy inflation data on the same day. China’s Shanghai Composite slid by 0.68% at 10:48 PM ET (3:48 AM GMT), while the Shenzhen Component inched up by 0.9%. Hong ...
Germany is anticipating an inflation rate drop as the national preliminary inflation data is set to be released 1200 GMT. This reading surfaced after regional inflation figures showed inflation plunging in the month of May. Some German states ...
According to a reliable source, the United Airlines Holdings Inc. (UAL.O) revealed plans on Tuesday to slash its workforce by 30% or roughly 3,400 managerial and administrative jobs in October to survive a collapse in travel demand amid the ...
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