Throughout the initial seven months of 2024, Argentina witnessed a notable 6.2% reduction in consumer spending.This decrease primarily stemmed from diminished purchasing power due to inflation. Ongoing economic adjustments also played a role.However, the government’s proactive measures have initiated signs of economic stabilization and recovery.A milestone for Milei’s administration was the transition from a persistent fiscal deficit to a surplus.Despite initial downturns, investment trends in Argentina are improving. Economic projections for 2025 indicate a resurgence.
August 27, 2024
SOURCE: RIO TIMES
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Argentina’s Consumer Spending Dips: Analyzing the 6.2% Decline in 2024