“We have taken decisions with courage and speed to address the many problems ailing the national economy.” This is how President Mauricio Macri defended his government’s economic policies on the day marking a year since he won election. While the Macri administration did not waste any time in implementing a major ‘economic adjustment’ designed to address the macroeconomic imbalances left by the leftist Frente para Victoria (FPV, Kirchneristas) administrations (2003-2015), many have criticised the adjustment for being too severe, resulting in stagnant domestic economic growth, the erosion of workers’ salaries, and the loss of jobs. But the government insists that these negative effects are only temporary and that its policies will produce economic prosperity in the medium term.End of preview - This article contains approximately 742 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options