economics, travel

economy of Argentina sucks

If it wasn’t for wonderful outdoors adventure, I’d have no reason to travel to Argentina.

It’s a hassle.

Once the 5th richest nation by GDP / person, today Argentina is #55.

It’s a huge, rich, fertile land … yet government mismanagement continues to ruin the economy.

Inflation for 2017 was 24.8%. Almost every financial transaction here is a hassle due to that instability. ATM machines don’t work consistently. Supplementary fees are added unexpectedly. Tourist are frustrated that credit cards aren’t accepted. Chile and Uruguay are far easier.

Despite the world’s current BOOM economy, here’s a recent headline.

Bloomberg – Argentina Goes From Market Darling to Dud

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