Argentina sees prices almost doubling last year

[peppertree]

2. Well put as always, Judi. It's a small miracle the economy's growing at all.

GDP, industrial production, business investment, construction, federal revenues, jobs - all several % points above where Fernández found them in late 2019.

And all that, under the weight of a foreign debt crisis - which swallows up most of the country's trade surplus in interest charges alone.

No one (just about) predicted the growth they've had. When the pandemic hit three years ago (already!), everyone and their brother was sure Argentina "would collapse."

And it might yet, if Macri or some surrogate (like that wine-o Bullrich, or that whiner Larreta) get elected this October.

A kind of self-fulfillment prophecy, really. Right-wing voters in Argentina are sure (and many wish) "everything will go to hell" - and they might just elect a team that, with shock devaluation and currency deregulation etc., could bring that about.

It's all very possible, sadly.

Thanks again, and have a great Week.