Struck by an inflation crisis, Argentinians seek any means necessary to stay afloat
By France24
16 July 2022 |
12:39 pm
Rising inflation worldwide has made nearly everything more expensive - from energy to essential consumer goods. One country hit the hardest by rising prices is Argentina - inflation hit 51% at the end of 2021 and is expected to top 70% by the end of this year. Our correspondents Eléonore Vanel and Nicolas Flon took a look at the different avenues - both legal and illegal - Argentinians are taking to deal with the skyrocketing cost of living.
In this article
Related
8 Feb
Controversy surrounding the Adani Group's business practices, and the Indian government's close ties with the industrial giant, have sparked public protest and emboldened the BJP's opponents.
12 Feb
With little more than two weeks to go before Nigeria's presidential election, the tensions caused by a chaotic change in currency have soured the mood. Also, as daily rolling power cuts across South Africa continue to hit the economy hard, President Cyril Ramaphosa declares a state of disaster over the crisis.
13 Feb
The European Commission has revised its economic forecasts upwards slightly, predicting growth of almost 1% in the bloc for 2023. Inflation is expected to slow but remain high, a little more so outside the eurozone.
16 Feb
Relentless rains in South Africa have claimed at least a dozen victims with the bad weather forcing the government to declare a national state of disaster. It comes less than a year after the country’s deadliest floods. And, as the civilian death toll rises from rebel fighting in Eastern Congo, more people are seeking refuge in the North Kivu town of Goma.
15 Feb
The government in Buenos Aires has imposed price caps on many goods to rein in runaway inflation. While the curbs are welcomed among low income locals, economists doubt they will remedy the country's persistent problem.
19 Feb
Nigerian politicians traditionally give voters cash in return for their votes. New regulations and a cash crunch now means that they are unlikely to have large sums of cash to disburse before the elections. This is the focus of this week's episode of DW Africa's The Flip Side series.
5 Mar
Will ski resorts survive climate change? It's a question many in the Alps and in mountainous areas around the world are asking. Warmer temperatures, less snow in the winter and melting glaciers all mean that ski resorts are looking at new ways of attracting tourists. Recently some 200 professional skiers, including US star Mikaela Shiffrin, published an open letter to the International Ski Federation, warning that their sport is in danger.
3 Mar
The annual inflation among the 20 nations that use the euro has fallen, but less than expected as food costs surge.
11 Mar
As their country sinks deeper into a financial crisis, more Lebanese people depend on money sent by relatives living abroad to survive. Remittances sent by the Lebanese diaspora, one of the largest in the world, partly explain why Lebanon has not yet descended into social chaos or full-scale revolt, despite the country suffering from what the World Bank calls one of the worst financial crises since the mid-19th century.
12 Mar
Khartoum's yellow taxi, once a famous transportation landmark of the Sudanese capital, is struggling to survive amid a crushing economic crisis and political instability in the country.
10 Mar
Find these stories and much more when you grab a copy of The Guardian on Friday.
Latest
52 mins ago
The UK is the first new member and European country to join CPTPP, which is made up of 11 Pacific nations including Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.
52 mins ago
A photo of an elderly Frenchman, battered and bloody from nationwide pension reform protests, is circulating online – but so are rumours that it's created by artificial intelligence. We take a closer look and also verify a viral photo of Pope Francis wearing a puffer jacket, in this edition of Truth or Fake with Vedika Bahl.
1 hour ago
This device is named MUA - after the sound people commonly make when blowing a kiss. It was invented by a Beijing startup, Siweifushe, to stimulate long-distance kissing. Zhao Jianbo, the inventor, said he was inspired to create the device because he couldn’t meet his girlfriend during the lockdown.
1 hour ago
Banksy painted "Brace Yourself!" for a British band whose name he wanted to use for a documentary film. Now the painting by the mysterious street artist has been auctioned off for a surprise amount.
2 hours ago
Paul Rusesabagina, whose efforts to save people during the 1994 genocide inspired the Hollywood film "Hotel Rwanda," has arrived in the US following his release from a Rwandan prison.
2 hours ago
The death of a popular rapper has prompted many young people in Mozambique to protest against the country's problems. The Mozambican state and the ruling FRELIMO party are responding with repression.