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In Argentina, locals are taking loans to buy food

In Argentina, locals are taking loans to buy food

Summary

In Argentina, many people are taking loans to buy basic necessities like food, despite having full-time jobs. The country's economy has seen uneven growth, with President Javier Milei's economic measures reducing inflation but also leading to stagnant salaries and business closures.

Key Facts

  • Many Argentinians are using loans, credit cards, and selling items to afford basic needs.
  • About 63% of people have reduced spending on activities or services to save money.
  • President Javier Milei enacted economic policies to balance fiscal budgets and build currency reserves.
  • The International Monetary Fund supports Milei's economic plan, predicting future growth.
  • Economic growth in Argentina is uneven, with some sectors growing while others decline.
  • Inflation has decreased, but some people criticize the methods used to achieve this.
  • Critics argue the current inflation measurement method does not reflect real spending habits.

Source Information