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New Argentine Government’s Economic Policies Face Mounting Questions

LADB Article ID: 79931
Category/Department: Argentina
Date: 2016-03-25
By: Andrés Gaudín

After 100 days in office, a time frame political scientists often use to measure the early accomplishments of new leaders, Argentine President Maurico Macri is fulfilling his promise to do away with the socio-economic system he inherited and replace it with a completely new model. So far, however, the new president has been unable to justify the abrupt change of course, which has cost him politically and put him squarely at odds with workers in both the public and private sectors. State employees have already held two work stoppages: one for 24 hours, the other for 48. And the country’s three leading private-sector labor unions have decided to put aside their historic differences to hold a joint protest in April. Unemployment and inflation, in the meantime, are on the rise, prompting people to be more worried about job loss and salary depreciation than they are about crime, their top concern during the electoral campaign. On March 14, just ahead of the new government’s 100-day mark, the Consejo Nacional de Investigaciones Científicas y Técnicas (National Scientific and Technical Research Council, CONICET) released a study suggesting that the poorest 10% of the population had lost a quarter of its purchasing power since Macri’s arrival in power.

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