While Brazil welcomed a 14.8% growth in the number of foreign tourists in May this year from the same month of 2023, Argentina's domestic leisure travel showed a decline of nearly 65% during this past three-day weekend encompassing the June 17 National Holiday.
According to a survey published by the Argentine Confederation of Medium-Sized Companies (CAME) report released Monday in Buenos Aires, retail sales in Argentina fell 7.3% year-on-year in May as President Javier Milei's chainsaw economic policies took a deeper toll on the purchasing power of the population.