Consumer spending still isn’t picking up, according to the latest private surveys, casting doubt on the economic recovery President Javier Milei has been promising for the months ahead.
Retail sales fell 3.2% year-on-year in April and were down 1.3% from the previous month, according to a survey released by the Argentine Confederation of Medium-Sized Businesses (CAME). Through the first four month...
The narrative surrounding the Argentine recovery is characterized by a stark conflict between macroeconomic optimism and ground-level financial distress. The official line, championed by President Milei, dismisses falling consumption figures as unreliable, shifting the focus toward digital transactions (Mercado Libre) as the true indicator of changing consumer habits. This framing serves to evade accountability regarding the systemic pressures of high household debt and rising defaults. The real...