Thursday , June 8 2023

Argentine confidence in the economy, the lowest point in 2002


The peso lost almost 50% this year.

In Argentina, their faith in economies dropped to a level that was not seen after the crisis in 2002, since it defaults the country's historical debt.

Consumer confidence fell 32.1% in November, compared to 51% a year ago, according to figures published by the University of Buenos Aires Torcuato di Tella.

This decline reflects economic trauma, due to the currency crisis that has led to a second economic downturn in South America.

Due to a strong monetary policy backed by the United Nations Monetary Fund, the country has recently stabilized, which has hit the US $ 56,000 million loan.

However, economists warn that this policy can slow economic growth. The peso lost almost 50% this year.


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