- Feb 22, 2017
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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...
The decline in consumption spans all categories: food, breakfast and snacks, hygiene, and cosmetics have experienced drops of 9.6%, 12.6%, and 20.9%, respectively. Beverages, both alcoholic and non-alcoholic, are down 25.2% and 23.7%.
Not good news for Milei or Argentina.