Argentina’s perpetual crisis

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.

Seguir leyendo

Deja una respuesta

Tu dirección de correo electrónico no será publicada. Los campos obligatorios están marcados con *