Economy Significant drop in consumer spending in Buenos Aires in April, down by 35%.

[standar]

Politics - In April, consumption registered a 35% drop in Buenos Aires territory, with a special impact on the suburbs - Infobae

In April, consumption registered a 35% drop in Buenos Aires territory, with a special impact on the suburbs - Infobae Source: https://www.infobae.com/economia/2024/05/24/en-abril-el-consumo-registro-una-caida-del-35-en-territorio-bonaerense-con-especial-impacto-en-el-conurbano/ May 24, 2024...

www.expatsba.com

 

[GlasgowJohn]

No huge surprise here. Milei said this would happen.

The big question and big doubt is when will things turn around

 

[amanda8]

Hopefully soon! Because this is affecting many workers:

Because of the drop in consumption, Akapol, the manufacturer of the Poxipol, Poxilina, Plasticola, La Gotita, Poxi-Ran, and Voligoma brands, suspended its 150 employees for two months: it has stock accumulated for five months

 

[Wally]

No huge surprise here. Milei said this would happen.

The big question and big doubt is when will things turn around

Things will get worse before they can get better. Everyone is just hoping and praying things turn soon. I'm not so sure this will be quick. Massive unemployment is going to probably cause social unrest later this year. Only so much patience one can have. I hope I'm wrong.