Buenos Aires,
The war in Ukraine, the threat of energy shortages in Europe, and supply chain disruptions have led to an international economic slowdown. Prices of gas and essential commodities have increased significantly in various countries. Economists warn that the situation may worsen in the near future.
In this situation, a severe economic crisis has occurred in Argentina, one of the South American countries. As of last August, inflation there has risen to 78.5%, the highest percentage in the last 30 years.
And if this trend continues, inflation in Argentina is expected to rise above 100 percent this year. Meanwhile, despite rising inflation in Argentina, the World Bank predicts that the economy there will grow by 4% this year, above the regional average.