Why has the Argentinian economy gone to shit? (lemmy.zip)

submitted 4 days ago by LtDan@lemmy.zip to c/asklemmy@lemmy.ml

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Argentina is going through difficult times (especially with the Peso being bad as it’s very volatile) since most Argentinians would prefer USD over the Peso either through savings or investment.

That’s because the dollar is the best bet not only for savings, but for making a living (if they can manage to get remote work). The thing is, how did Argentina end up in this situation in the first place?

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[-] iByteABit@lemmy.ml 12 points 4 days ago

It's amazing sometimes how some people seem to be truly living in another plane of existence

[-] garbage_world@lemmy.world -3 points 3 days ago

Metric - Now - Late 2023 (Milei took office in December of that year)

Annual inflation - 30% - 211%

Fiscial balance - Little surplus - -5% of GDP

GDP growth - 3-4,5% - -1,6%

Poverty rate - 36% - 42%

Argentinian economy is doing better now in every metric imaginable, poverty too. This was a discussion about economy, not quality of life.

this post was submitted on 01 Apr 2026

24 points (96.2% liked)

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