The structural constraints and dilemmas faced by the Argentine economy in the face of the changes in world politics in 2021: the predominance of domestic factors over the incidence of international events
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Universidad de Buenos Aires. Facultad de Ciencias Económicas. Centro de Investigaciones en Estudios Latinoamericanos para el Desarrollo y la Integración (CEINLADI)
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Fil: Palacio, Priscila. Universidad de Buenos Aires. Buenos Aires, Argentina.
The Argentine economy has been experiencing a structural crisis for almost a decade, immersed in persistent stagnation with short-term crisis and inflation that is well above the world average. In this context, Alberto Fernández's management to face the pandemic prematurely prioritized the health situation over economic activity, which aggravated the stagflation inherited from the last year and a half of Macri's administration. In 2020, Argentina evidenced a profound drop in real GDP, even compared to other countries in South America. In addition, poverty increased, and the economy experienced a significant decrease in the purchasing power of workers, especially those of the middle class. Although in 2021, the economy showed a rebound after the pronounced fall that it had the previous year, mainly due to the lift of the sanitary restrictions since the end of 2020, the growth took place in a closed economy, with strict exchange controls, high inflation, and economic informality. If we consider recent history, it could be said that the Argentine economic crisis responds more to domestic than international factors.
The Argentine economy has been experiencing a structural crisis for almost a decade, immersed in persistent stagnation with short-term crisis and inflation that is well above the world average. In this context, Alberto Fernández's management to face the pandemic prematurely prioritized the health situation over economic activity, which aggravated the stagflation inherited from the last year and a half of Macri's administration. In 2020, Argentina evidenced a profound drop in real GDP, even compared to other countries in South America. In addition, poverty increased, and the economy experienced a significant decrease in the purchasing power of workers, especially those of the middle class. Although in 2021, the economy showed a rebound after the pronounced fall that it had the previous year, mainly due to the lift of the sanitary restrictions since the end of 2020, the growth took place in a closed economy, with strict exchange controls, high inflation, and economic informality. If we consider recent history, it could be said that the Argentine economic crisis responds more to domestic than international factors.
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Economía argentina, Cambios en la política mundial, Factores domésticos, Restricciones estructurales