Overpriced Malbec Is Turnoff as Locals Flee

Overpriced Malbec Is Turnoff as Locals Flee

Diego Giudice/Bloomberg

Tourists in Argentina spent $1.3 billion in the first half, the least since 2006, as inflation and an overvalued currency make the country’s iconic attractions and products from visiting glaciers to drinking Malbec wine and purchasing leather goods more expensive, said Fuentes at Moody’s.