Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 330

Argentina remains bottom of the table as economic woes continue

Posted by fidest press agency su venerdì, 15 novembre 2019

Argentina sits at the bottom of ECA’s table, with the forecast predicting a 22 percent decrease in the average real salary. This comes off the back of a 25.4 percent decrease in real salaries in 2019. Kilfedder said “The nominal salary increase for Argentina has stayed at a whopping 29%, the same as last year, but with inflation significantly higher at an alarming 51%, this means there will be another significant decrease in real salaries for workers in Argentina. Although President Macri and his government have now been replaced by their populist rivals in a recent election, the outlook for Argentina does not look promising and it is likely that the economic situation will get worse before it gets better.” (font: ECA International http://www.eca-international.com)

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