Consumption plunges in Argentina despite Milei's optimism (worst than COVID and Corralito)

[Larry]

The numbers coming out are very ugly. Milei and his followers are trying to paint a different picture but look at the consumption numbers! They are terrible! Worst than during COVID and also after the corralito. Attempts to boost sales are failing. Terrible terrible numbers.

Consumption plunges in Argentina despite Milei's optimism

Consumption in Argentina has dropped below the pandemic and 2001 levels as the South American country's economy continues its erratic behavior under Libertarian President Javier Milei, whose administration depicts a different scenario. A survey conducted by the pollsters Scentia showed the loss...

en.mercopress.com

 

[Uncle Wong]

I didn't realize that consumption numbers were so low. That is terrible if it really is worse than during covid.

 

[Digital Nomad]

Yikes, hopefully this turns around soon but tough with higher transportation costs, utility bills, monthly expenses. Seems like many I talk to are really struggling with the economy.

 

[Melibaires]

Consumption saw the biggest drop so far this year. It’s clear that despite many measures meant to lower prices, they haven’t had any real impact. Prices keep going up, and the only ones holding steady are perishable food items, so people are cutting back on their shopping lists.

Fuerte derrumbe del consumo masivo: en agosto, las ventas en los supermercados cayeron 17,2%

De acuerdo con el informe mensual que publica la consultora Scentia, en los primeros ocho meses del año la caída acumulada llegó al 10,6%. Qué se espera para los próximos meses. Los efectos del “plan platita” del gobierno anterior

www.infobae.com

 

[Digital Nomad]

How much progress can there really be if so many skirt the rules and don't want to pay their fair share?

https://twitter.com/x/status/1836165161134035388

 

[Uncle Wong]

How much progress can there really be if so many skirt the rules and don't want to pay their fair share?

https://twitter.com/x/status/1836165161134035388

Wow that isn't just one or two people. That looks like a huge amount of people not paying. Didn't realize it was this extreme now. No wonder Argentina has so many problems. I guess this is probably why Milei wants to increase spending and put cameras everywhere so they can instantly recognize who is breaking the law with facial recognition.