The inflation figure to be reported soon by Indec is expected to be equivalent to the one that, in the past, led to fears of a hyperinflationary spiral.
After the economic expansion and relative recovery recorded in 2021, the region will return to the low growth due to the repercussions of the war between Russia and Ukraine.
The social outburst is a product of a sharp rise in the costs of living, stark evidence of social inequality, and a decline in the credibility of the government, both for signs of corruption and for its clumsy crisis handling.
When in 2019 Sebastián Piñera referred to Chile as an oasis in the middle of a Latin America faced with great economic and political adversities, he could have never imagined the events that would follow.
