Argentina’s economic crisis

When current President Alberto Fernandez took office, the economic situation was already bad: after falling 2.6% in 2018, that year GDP contracted by 2% again before Fernandez's inauguration in December.

Argentina is experiencing a severe exchange rate crisis that has brought back memories of previous economic debacles in a country that seems to be always in financial instability.

Amid a context of political tensions, the devaluation of the Argentine peso against the dollar in the informal market has skyrocketed, and the consequences of the economic weakness and the management of the foreign debt are reflected in aspects such as very high inflation, fiscal imbalance, higher country risk -about investment- and production.


The disparity between the official and blue (Subscribe to our Premium Membership Plan. Already Subscribed?