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Montevideo, September 25th 2023 - 10:39 UTC
Argentina’s gross domestic product (GDP) expanded by 2.9% in 2017, and grew 0.7% in the fourth quarter from the third quarter, a Treasury Ministry source said on Friday, bouncing back from a 2.2% contraction the prior year. Read full article
As Argentina is taken back to an agro-export economy, its dependence and vulnerability to the ups and downs of international commodity prices increase.
At the same time, massive borrowing and government-issued bonds at high interest rates is creating spiralling financial speculation that fills the pockets of a few while subtracting resources from productive investment.
It's interesting to see how the same who little more than two years ago were blaming Argentines for the country's repeated crisis and payment defaults are saying nothing as the conditions for the next crisis are being created right under their eyes by a small group of greedy merchants
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