Thursday, November 9, 2023

Argentina facing an economy crisis

 As Argentina prepares to elect a new president this month, they're facing an economic crisis thats drastically getting worse. Grocery store shelves lack basic needs such as toilet paper, coffee, and rice as their inflation increases. Factories can no longer import supplies because of the dollar shortage which caused them to suspend production. Gas stations are now warning people that they can only buy as little fuel as possible and doctors are saying they're running out of supplies to preform CT scans. Inflation is predicted to reach nearly 200% and interest rates at 130% by years end, becoming the world's highest. 

https://www.wsj.com/world/americas/argentinas-next-president-will-face-an-economy-in-crisis-35e2e15f?mod=Searchresults_pos18&page=2

No comments:

Post a Comment