Successful Reformers? The Argentine government under Mauricio Macri wants to win the confidence of international investors, but Inflation continues to rise. A General strike is the result.
Ironically, on the day the Argentine President Mauricio Macri in New York with U.S. President Donald Trump, business people and investors meet begins in Argentina, a 36-hour General strike. Carried by the main trade unions of the country; the social trenches deepen rapidly. On the one hand, the government tries austerity, the confidence of the markets to recover; on the other hand, the growing part of the population that suffers from poverty and Inflation.
“The government is trying to sell Mauricio Macri as a successful Reformer of the world, in order to create confidence and attract investment,” says Leandro morning field, a lecturer in economic and social history at the University of Buenos Aires. “But the economic and social consequences are devastating,” he adds.
Leandro morning field: “The economic and social consequences are devastating”.
“The government already has, that the Argentine economy will shrink in 2019, by 0.5 percent. The IMF is forecasting a decline of one per cent, and private analysts are even more pessimistic. Macri promises that Inflation will decline to 23 percent. Analysts assume, however, that a reduction exacerbated by 20 percent, the risk of a recession in an election year” so in the morning field. The Argentines would consider the forecasts of the government, which promises to be a “zero deficit” for 2019, with great suspicion.
The greatest loss of real wages
Gabriel Puricelli, a sociologist and political scientist at the Argentine think-tank Laboratorio de Políticas Públicas, the General strike in reaction to the massive shrinkage of real wages in Argentina, which will continue, in his opinion, at least for the Rest of the year. The concern about the rise in Inflation, which “is growing, however, since before the beginning of Macris term yet to come”. Its forecast to 2018 could be “expected to be the year with the highest real wage loss for a decade.
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Argentina: Social emergency due to the crisis
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Argentina: Social emergency due to the crisis
Although the fight standing, this government in front of a work, the previous Argentine governments had to stand. However, the current Macri government have lost since April, 2018, a feeling for the right economic measures. Argentina is currently experiencing a General deterioration in the living standards, against which the government “does not take the right measures,” said Puricelli.
The Public loses confidence in Macri
“The strike is very important, because he is trying the policy of Macri slowing down,” says Leandro in the morning field, “because the government of Mauricio Macri is looking only to the wishes of international lenders and allows that the domestic economy will have to suffer the consequences of the burdens of this crisis.” The reflect in the salaries, the pensions and the rise in prices for food and fuel. “The reforms, as regards the administration of the President Temer in Brazil, not Argentina transferred. The enormous resistance that is now being discharged in a General strike, occupied it,” in the morning field.