{"id":2660,"date":"2016-09-25T20:26:50","date_gmt":"2016-09-26T03:26:50","guid":{"rendered":"http:\/\/blogs.pugetsound.edu\/econ\/?p=2660"},"modified":"2016-09-25T20:26:50","modified_gmt":"2016-09-26T03:26:50","slug":"argentina-eyes-on-macri","status":"publish","type":"post","link":"https:\/\/blogs.pugetsound.edu\/econ\/2016\/09\/25\/argentina-eyes-on-macri\/","title":{"rendered":"Argentina Eyes on Macri"},"content":{"rendered":"

In Buenos Aires all eyes have been on newly elected Argentine president, Mauricio Macri to fix the inflated state of the country\u2019s economy. Macri was elected in December and promised Argentina\u2019s citizens that he would curb inflation. But 8 months later there were reportedly tens of thousands rallying in front of the presidential palace in an \u201canti-Macri demonstration.\u201d Some labor leaders and citizens are angry at the trajectory of the economy and for good reason. INDEC<\/a>, the national statistics institute, stated that prices went up by 4.2% in May and The Wall Street Journal<\/a> reported that unemployment rose to 9.3%. As with most countries\u2019 presidents it\u2019s hard to place all the blame on them when they inherited economic illnesses, such as a 7% budget gap and double-digit inflation.<\/p>\n

Even though Macri was gifted this inheritance from the previous president, many think that his decisions to cut gas subsidies were not the right route to take as prices have begun to soar. This may be true, but it seems worth to the new president. Macri seems to be on a mission to not only lower inflation rates, but to rid of some old government spending habits as well. In recent years the government spent billions on subsidizing gas and electricity annually. These old policies were expensive and, in many ways, not properly allocated to relieve poverty. It\u2019s hard to predict Macri\u2019s failure or success just yet as it can be difficult for anybody to eradicate a country\u2019s inflation in only 8 months. But all eyes remain on the Argentine president and the pressure is on. Could this be Argentina\u2019s time for economic prosperity?<\/p>\n","protected":false},"excerpt":{"rendered":"

In Buenos Aires all eyes have been on newly elected Argentine president, Mauricio Macri to fix the inflated state of the country\u2019s economy. Macri was elected in December and promised Argentina\u2019s citizens that he would curb inflation. But 8 months later there were reportedly tens of thousands rallying in front of the presidential palace in an \u201canti-Macri demonstration.\u201d Some labor leaders and citizens are angry at the trajectory of the economy and for good reason. INDEC, the national statistics institute, stated that prices went up by 4.2% in May and The Wall Street Journal reported that unemployment rose to 9.3%. Continue reading Argentina Eyes on Macri<\/span>→<\/span><\/a><\/p>\n","protected":false},"author":489,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[487,494,61,68],"class_list":["post-2660","post","type-post","status-publish","format-standard","hentry","category-economics","tag-argentina","tag-economic-policy","tag-inflation","tag-political-economics"],"_links":{"self":[{"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/posts\/2660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/users\/489"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/comments?post=2660"}],"version-history":[{"count":1,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/posts\/2660\/revisions"}],"predecessor-version":[{"id":2661,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/posts\/2660\/revisions\/2661"}],"wp:attachment":[{"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/media?parent=2660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/categories?post=2660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.pugetsound.edu\/econ\/wp-json\/wp\/v2\/tags?post=2660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}