Argentina’s President Triggered Measures to Stimulate Consumption

On Friday, Aug. 30th, Mauricio Macri offered to increase the minimum wage by 35 percent to compensate for inflation that reached 54 percent in the 12 months prior July. The workers asked for more.

RIO DE JANEIRO, BRAZIL - Less than two months before the presidential election in Argentina, economists and political analysts say that President Mauricio Macri is weakening every day and today has less chance of remaining in power, despite recent attempts to stimulate consumption and regain prestige with the middle class.

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