The Intelligence from The Economist Juan way, or another? Argentina’s election
Jun 28, 2023
Anna Lankes, a seasoned Latin America correspondent, discusses the volatile political climate in Argentina where inflation is pushing voters from long-held Peronist views toward the populist right. John Fassman shares insights on how major American retailers are revolutionizing primary healthcare, making it more accessible to underserved communities. The conversation also touches upon the latest rankings in global livability, with Vienna emerging as the top city of 2023 for its stellar lifestyle factors.
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Argentina's Economic Woes
- Argentina's economic struggles, marked by 114% annual inflation, are hurting the ruling Peronist coalition.
- This is boosting center-right and right-wing candidates in the upcoming elections.
Argentina's Economic Challenges
- Argentina's high public spending, coupled with a small tax base due to a large informal sector, has led to significant economic challenges.
- The government's inability to raise taxes and its reliance on printing money to finance policies exacerbate inflation.
Argentina's Dollar Black Market
- Argentinians rush to buy dollars due to the rapid devaluation of the peso, creating a large black market for dollars.
- This further complicates the economic situation and limits Argentinians' ability to save.