Their currency is so worthless they can’t afford to import anything, so this makes sense.
Sure, YOY inflation is over 200%, the poverty rate is almost 60% of the Argentinian people, and the unemployment rate is all but unmeasurable as millions of people have moved to working in the underground economy, but hey, we got a trade surplus, so the titans of industry can still get theirs!
Yeah that doesn’t seem heathy, any more than thier trade deficits last year. The article even mentions energy export surplus and spells out that Argentina isn’t using the hydrocarbons locally.
If locals can’t pay for the products, export them!
Their currency is so worthless they can’t afford to import anything, so this makes sense.
Sure, YOY inflation is over 200%, the poverty rate is almost 60% of the Argentinian people, and the unemployment rate is all but unmeasurable as millions of people have moved to working in the underground economy, but hey, we got a trade surplus, so the titans of industry can still get theirs!
Yeah that doesn’t seem heathy, any more than thier trade deficits last year. The article even mentions energy export surplus and spells out that Argentina isn’t using the hydrocarbons locally.
If locals can’t pay for the products, export them!