Argentina registered inflation of 36,1% in 2020, with the declining rate during three quarters, picking up strongly in the last three months particularly basics such as food which is serious since almost half of the Argentine population are cataloged as poor or living below the poverty line. Read full article
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Disclaimer & comment rulesAfter the recent earthquake in Argentina, I had a long cordial phone conversation with my good skiing friend in San Juan who informed me that his family was unaffected — but told me that currently the economic situation was a disasaster.
Jan 30th, 2021 - 12:46 pm - Link - Report abuse 0Although he's sheltered wealth abroad — he said the current statistics are smoke and mirrors to hide the actual high inflation and untenable unemployment.
You can already see the price controls — which will cause the situation only to worsen and labor unrest is rising.
Sadly — Argentina is going to face an uncertain future.
It is sad indeed. Argantina was once the jewel of Latin America, comparable to most European nations. The long and steady decline into third world status will not be reversed until Argentinos themselves learn to discern the real causes for their malaise and it needs to start by stopping to point their finger away from themselves. Argentina has the means to halt and reverse this decline, but some honest self-reflection is a pre-condition.
Jan 31st, 2021 - 10:35 am - Link - Report abuse 0Commenting for this story is now closed.
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