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Argentina and Colombia face economic shifts as confidence and rates fluctuate
In Argentina, economic and political indicators show significant strain. The Government Confidence Index (ICG) fell 5.9% in September to 1.94 points, marking a 21.5% decline since the start of the year. This drop coincides with reports of a 2.9% contraction in economic activity in July and a rise in poverty affecting over 15 million people. While the economy has grown 5.6% since November 2023, the UBA Centro RA reports a loss of 329,667 registered salaried jobs during this period. Household consumption also declined, with the CAC Consumption Indicator falling 1.1% year-on-year in August, driven largely by an 11.4% drop in the transport and vehicles sector.
In Colombia, the Banco de la República raised the monetary policy interest rate by 25 basis points to 12.25% following an increase in annual inflation, which reached 6.2% in August. The central bank noted that food and regulated services are primary drivers of price pressures.
Entities
Argentina · Banco Central de la República Argentina · Banco de la República · Centro de Estudios de la Unión Industrial Argentina · Centro de Estudios para el Desarrollo Argentino · Chile · Colombia · Cámara Argentina de Comercio y Servicios · Instituto Nacional de Estadística · Instituto Nacional de Estadísticas de Chile · J.P. Morgan · Javier Milei
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 18 SOURCES] The ICG reached 1.94 points in September, marking one of the lowest levels of Javier Milei's presidency. infobaires24.com.ar · www.redesdenoticias.com.ar · agenciaelvigia.com.ar · bairesparatodos.com.ar · diariopampero.com · +8 more
- [○ 1 SOURCE] Javier Milei holds a 31.3% positive image in Chaco province.
- [● 15 SOURCES] The component for 'Concern for the general interest' saw the largest drop at 12.3%. infobaires24.com.ar · www.redesdenoticias.com.ar · agenciaelvigia.com.ar · diariopampero.com · lapioneradeclorinda.com · +5 more
- [○ 1 SOURCE] Axel Kicillof holds a 38.4% positive image in Chaco province.
- [● 18 SOURCES] Confidence in the government has accumulated a 21.4% decline since the end of last year. infobaires24.com.ar · www.redesdenoticias.com.ar · agenciaelvigia.com.ar · bairesparatodos.com.ar · diariopampero.com · +8 more
- [● 18 SOURCES] The Government Confidence Index (ICG) fell by 5.9% in September compared to August. infobaires24.com.ar · www.redesdenoticias.com.ar · agenciaelvigia.com.ar · bairesparatodos.com.ar · diariopampero.com · +8 more
- [● 3 SOURCES] Argentina lost 329,667 registered salaried positions since November 2023, despite a 5.6% increase in economic activity. facundoquiroga.com · periodicolasheras.com.ar · www.bigbangnews.com
- [● 9 SOURCES] The 'Concern for the general interest' component saw the largest decline at 12.3%, dropping to 1.50 points. agenciaelvigia.com.ar · diariopampero.com · lapioneradeclorinda.com · prensaactivadigital.com.ar · totalnewsagency.com · +2 more
- [● 13 SOURCES] The ICG has accumulated a 21.4% decline since the end of last year. agenciaelvigia.com.ar · bairesparatodos.com.ar · diariopampero.com · lapioneradeclorinda.com · opinionpropia.com.ar · +6 more
- [○ 1 SOURCE] A socio-political monitor by OPSA shows 57% of respondents disapprove of Javier Milei's management. diariochilecito.com
- [● 12 SOURCES] The Government Confidence Index (ICG) fell 5.9% in September, reaching 1.94 points on a 5-point scale. agenciaelvigia.com.ar · bairesparatodos.com.ar · diariopampero.com · lapioneradeclorinda.com · prensaactivadigital.com.ar · +5 more
- [● 12 SOURCES] Confidence in the government has declined by 21.4% since the end of last year. agenciaelvigia.com.ar · bairesparatodos.com.ar · diariopampero.com · lapioneradeclorinda.com · opinionpropia.com.ar · +5 more