Recession, Inflation, Devaluation: Argentina’s Economic Troubles in Five Charts
- Private credit and FDI are close to zero, inflation is soaring
- Argentines head to polls on the brink of economic disaster
This article is for subscribers only.
Argentina’s next president will take over in the middle of a financial emergency — which is par for the course in one of the world’s most dysfunctional economies.
Voters are heading to the polls on Sunday with the country expected to fall into recession for the sixth time in a decade, and inflation running above 140%. They are faced with two radically opposing proposals: the continuity of Economy Minister Sergio Massa, who vows to rein in fiscal spending without ending long-standing social rights, or the radical pledges of Javier Milei, who says he’d adopt the US dollar as Argentina’s currency as an alternative to the peso.