Will Argentina be able to overcome the economic crisis?

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Since the beginning of time, Argentina's economy has been suffering and, therefore, its citizens as well. Statistics claim that every year, Argentinian prices rise approximately 33.6%. With a global context that is thought to encourage a 4.4% drop in global growth, Argentina and its government have an extremely difficult and tiring task ahead: boosting the economy´s blossom, and not destroying it. Despite the government's fruitless effort to fight inflation: having recorded an inflation of 22.3% annually and a 2.8% monthly (increases focused on clothing and footwear, up 5.8%, and alcoholic beverages and tobacco, up 4.3 %), Fernandez rejects the devaluation of the peso and begins to open its industries. That is why, this week the return of commercial flights was approved, having to follow the recommended procedures and protocols.


This article has been written by GARCEA Belén and RICCI Manuel


REFERENCES

2020, I. e. (2020). Obtenido de Buenos Aires Times: https://www.batimes.com.ar/news/economy/imf-envisions-a-sharp-44-drop-in-global-growth-for-2020.phtml

flights, A. g. (2020). Obtenido de Buenos Aires Times: https://www.batimes.com.ar/news/argentina/argentinas-government-approves-return-of-domestic-flights.phtml

INDEC: Inflation 2.8% in September, 2. t. (2020). Obtenido de Buenos Aires Times: https://www.batimes.com.ar/news/economy/indec-inflation-28-in-september-223-this-year-so-far.phtml

way, F. s. (2020). Obtenido de Buenos Aires Times: https://www.batimes.com.ar/news/economy/fernandez-says-no-peso-devaluation-is-coming.phtml

(s.f.).

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