Argentine Minister expects strong growth from 2017

By Élida Bustos Alfonso Prat-Gay, Argentina’s new Finance Minister, is an optimist. In the midst of the bleak picture painted by international credit organisms for Latin America in the coming years, he estimates that Argentina will grow by 4.5 percent per year after 2017. And that’s not all. He calls that a conservative estimate, given the country’s growth potential. At his first press conference with Buenos Aires-based foreign journalists, the minister estimated that this year’s economic growth will be between 0.5 and 1 percent, accelerating in the second half of the year when the economic measures he has put in place start to gain traction. Within the framework of the international agenda the new government is managing, Prat-Gay showed total […]

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Global Tourism Industry on Track for Full Recovery by 2024

The global tourism industry is set to reach, and possibly surpass, pre-pandemic levels by the end of 2024, according to the World Economic Forum (WEF). Five years post-COVID-19, the sector is experiencing a robust resurgence driven by a surge in international travel, improved air connectivity, and strong rebounds in key regions. However, global dynamics must be managed carefully to ensure stable and continuous growth. In 2023, international tourism reached 88% of its 2019 levels, a significant recovery favored by the reopening of Asian markets, as highlighted by the United Nations World Tourism Organization (UNWTO). The Middle East led the way, surpassing pre-pandemic levels by around 20%, with Europe, the Americas, and Africa following close behind at approximately 90% of their […]