The reality in Argentina does not match the results of a Nobel Prize candidate

The reality in Argentina does not match the results of a Nobel Prize candidate
The reality in Argentina does not match the results of a Nobel Prize candidate

The driver of The jungle law, Alejandro Bercovich, stressed that the economic results of the Government of La Libertad Avanza expose a marked recession: fall in economic activity, rise in unemployment and record price of the blue dollar. This is contrasted with President Javier Milei’s intention to be considered for the Nobel Prize in Economics.

“A complicated combo that begins to cloud the financial horizon of the Government of La Libertad Avanza. Oblivious to the fact that the blue dollar hit another record, oblivious to the fact that economic activity collapsed in the first quarter, oblivious to the fact that unemployment rose. Milei today said in the Czech Republic that he deserves the Nobel Prize in Economics“, described the journalist from C5N.

The economic specialist warned that the president “is in that one, he plays in another league, meanwhile The reality in Argentina is not consistent with the results that a Nobel Prize candidate should have“. To do this he used some statistical data as an example: “After the first quarter what happens is that retail sales, wholesale sales, industrial production plummet. “These are data only comparable to the declines in the pandemic.”

In this sense, Bercovich presented an alarming figure, provided by the Chamber of Refrigerators: “It showed the collapse of meat consumption per year per inhabitant, The May figure is the lowest in the last 30 years. A level of consumption had not been touched since the 90s. Furthermore, it is the first time, since CICCRA has the record, that you eat more chicken than meat“.

Due to the recession and the adjustment, unemployment rose to 7.7% in the first quarter of the year

unemployment

Many people lost their jobs in recent weeks.

He National Institute of Statistics and Censuses (Indec) published this Monday the quarterly labor market report in which it revealed that in the first three months of 2024 Unemployment rose to 7.7%, reaching more than 1,100,000 people.

The figure represents an increase of almost 2%, since in the last quarter of 2023 the unemployment rate had been 5.7%, reaching around 800 thousand people. The unemployment growth is largely explained by the recession in activity caused by the economic policies of Javier Milei’s government.

The report also shows that for the unemployment rate was 8.4% for women and 7% for men. Among the regions, those that showed the highest unemployment rate were Greater Buenos Aires and Pampeana, with 9.0% and 6.8%, respectively. At the same time, it is highlighted that the region with the lowest unemployment was Cuyo with 4.5%.


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