Global Scans · Argentina · Weekly Summary

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WHAT'S NEXT?: Argentina domestic activity will be held back by rising inflation and the impact of numerous policy-induced economic distortions.

• The mammoth bill is a key plank of Milei's reforms plans for Argentina's embattled economy, which is grappling with inflation above 200%, depleted foreign currency reserves and a time-bomb of debt repayments owned to creditors and investors. WFIN Local News
• The main challenges to U.S. soybean producers in the coming year will be from stepped-up soybean production in Brazil and Argentina. High Plains Journal
• If passed, the new libertarian president's omnibus bill of reforms could help Argentina reverse decades of government failure. Reason.com
• The top 20 economies of the world are expected to grow at a range from minus 1.3% (Argentina) to 6.1% (India) while the U.S. is expected to stay out of a recession but produce weak growth of just 1.5%. VentureBeat
• Latin America, including countries like Brazil, Mexico, and Argentina, presents growth opportunities fueled by industrial growth, infrastructure development, and investments in renewable energy and healthcare sectors. InvestorsObserver
• In the near future, Argentina will potentially face catastrophic social unrest ignited by dramatic peso devaluation to 800 pesos to the U.S. dollar from 390 pesos and government policies. investing.com
• IA Cement expect a modest increase in 2024 cement demand, as growth in Mexico and Brazil is offset by a decline in Argentina. World Cement
• Bakkt and long-standing client Hapi, a stock trading platform, recently furthered their Latin American crypto trading capabilities, expanding into Mexico and Argentina, and also expect to go live in Brazil by the end of 2023. MarketScreener
• Weather conditions in Brazil will play a decisive role in shaping the global corn supply and demand equation in 2023-24 and create new prospects for Argentina. UkrAgroConsult - gg
• Grazing land in South Africa has declined by 33%, while Argentina's soybean production in 2023 is expected to drop 44%, the lowest harvest in over 30 years. Insurance Journal
• Argentina stands at a critical juncture, facing a choice between preserving its democratic legacy or venturing down a path that could erode its hard-won democratic foundations. Yahoo News
• Argentina has formally announced that it will not join the Brics bloc of developing economies, the latest in a dramatic shift in foreign and economic policy by Argentina's new far-right populist president, Javier Milei. The Guardian
• Passengers wanting to travel from Amsterdam or Rotterdam to London by rail will be required to take a train to the Brussels and change on to a Eurostar service. The Telegraph
• US airlines are celebrating news that the Dutch government has backed off a plan to reduce the number of flights at Amsterdam's Schiphol airport in 2024. Flight Global
• From winter 2024, Amsterdam's airport will limit the number of flights to 452,500 per year, 9.5% less than 2019 levels. Euronews.com
• In the Netherlands, Amsterdam has introduced a raft of measures aimed at deterring disruptive tourists to its red-light district and stopping cruise ships from docking near the city center. The New York Times
• Over a dozen airlines will challenge the latest judgment in a dispute over government plans to introduce a flight limit to reduce noise at Amsterdam Airport Schiphol. Aviation Week
• Amsterdam will bar cruise ships from docking in the city center as part of a broader effort to curb pollution and reduce the large numbers of tourists who visit the Dutch capital. The New York Times
• The sustainable e-fuels which Ineratec will produce in Amsterdam will contribute to the Dutch goal of achieving a circular economy and reducing greenhouse gas emissions. The Innovator

Last updated: 08 February 2024