Benchmark
Argentina’s Bumpy Recovery May Spell Trouble for Macri Reforms
Why economic pain in the Buenos Aires area could be a thorn in the president's side
Mauricio Macri
Photographer: Diego Levy/Bloomberg
This article is for subscribers only.
There is one small problem with Argentina’s incipient economic recovery: consumers aren’t feeling it. And that spells trouble for President Mauricio Macri in congressional elections in October.
Even as the latest figures show the economy grew 3.3 percent in May from a year earlier, consumer confidence in July fell 6.9 percent year-on-year.