they detected the first case of coronavirus in the country on March 3rd, 2020, Argentina being the first country to take this provision, we know what we need to do to make Argentina stand up, Ministry of Productive Development of Argentina, 12/21/2019, https://journals.umcs.pl/al/article/view/10219, http://dx.doi.org/10.17951/al.2019.7.193-212, Opinion – Cambodia’s COVID-19 Success, Economic Fallout and Image Crisis, Between Political Crisis and COVID-19: Bolsonaro’s Foreign Policy. Even so, the increase in inflation and the economic recession, in 2019, led to a further increase in poverty indicators. “Because that is [our] model of national survival.”. Likewise, some withholdings on exports were increased and, also, the aliquots of some national taxes. “This is going to be the worst, this year is completely lost,” said Gerardo della Paolera, an Argentine economic historian. Furthermore, there is a probability that inflation could accelerate in the coming months when prices and rates that are currently frozen readjust. This, because Fernández led an alliance made up of various political parties but orchestrated under the initiative of Cristina Fernández. However, many of these measures were insufficient to counteract the slump and stagflation facing the Argentine economy in the second quarter of 2020. Although inflation had grown since 2007, its levels increased by 2011 (not reflected in the INDEC figures, due to the government’s intervention). Ecuador’s indigenous people are leading the anti-government protests. The truth is that, with a greater or lesser degree of controls and restrictions, the isolation imposed by the government has extended for more than one hundred days – especially for the region of Buenos Aires and the City of Buenos Aires (so-called AMBA), where the largest number of people with COVID-19 are concentrated within the country. Macri’s move to curb subsidies coupled with inflation, Martínez said, has more than quadrupled the price he pays for electricity. On the contrary, the imbalances that the Argentine economy had been experiencing, since 2011, worsened under his government. In Chile, cost-of-living pressures and persistent economic inequality have sparked days of the most violent protests seen in years. Argentina’s private sector lost 91,000 jobs in April, the worst one-month collapse since at least 2003. Also, with the same purpose, the government removed and reduced the withholdings that taxed the exportations of the field, and, months later -in 2016, Argentina ended up agreeing with the holdouts to lift the international precautionary measures that prevented the payment of the external debt. Argentina was facing a third year of recession in 2020 even before the coronavirus hit. By other indicators, Argentina’s decline is already of historic proportions. Where non-Peronistas fail, she succeeds in opening her arms to the working class.”. Since the beginning of 2018, a sharp fall in reserves was made explicit and, the government decided to resort to an emergency loan from the IMF, marking the return of Argentina to that international agency. Yet Martínez voted for Macri in 2015. Beyond that, Fernandez recently announced his government would expropriate soy exporter Vicentin, a move met with protests and economists warning that such action would deter investment, a key ingredient for growth. The current crisis has started in China, where the virus originated, and spread across the Asian region, the United States, Europe, and other developed and developing economies. Also, from a social point of view, it could be added a great ideological and political polarization of Argentine society (called “rift”), that has been explicit for more than a decade. Many thanks! One of the most pessimistic estimates is from Marcos Buscaglia, co-founder of Buenos Aires-based consulting firm Alberdi Partners and former chief Latin America economist at Bank of America Corp, who sees activity shrinking 13%. Desafíos para una política económica y estratégica del siglo XXI, Comp. For one, Kirchner wasn’t on the ballot, having reached the limit of two consecutive terms. If no candidate wins more than 45 percent of the vote, or at least 40 percent with a 10-point lead, the top two go to a runoff next month in which analysts say Macri might have a chance. Even so, in a stagflation context and, with several allegations of corruption that pointed to the management of Cristina Fernández, on November 22nd, 2015, the candidate of the Alianza Cambiemos -Mauricio Macri, prevailed in the elections by a narrow margin (second round).

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