أجور الأرجنتينيين في القطاع الخاص تنخفض 11%

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Transcript

00:00 Argentina is in a constant struggle to support the declining economy and to put an end to the forced inflation.

00:07 The new president has made many reforms, but how was the latest economic data?

00:14 We see a decline in the private sector's wages by 11% compared to November after its adjustment,

00:21 and thus its adjustment according to the inflation data.

00:24 It is the largest decline in real wages in three decades, and it is the lowest in Argentine history.

00:33 This decline has led to a major decline in purchasing power, and it came after the decrease in currency value.

00:42 In his speech to the new Argentinean president, he said that he would "cure the economy with shock".

00:48 As a result, he reduced the currency value by 54% and the currency value and the return on investment decreased

00:57 by 10% per month since the Argentinean president took office.

01:05 He reduced the currency value by 54% and according to analysts, this will lead to more economic decline.

01:15 The forecast indicates a 3.5% decline in the total local income this year,

01:21 and inflation is now at 276% in February, which is the highest inflation rate in the world.

01:28 These levels came after the Argentinean central government reduced the social benefits rate

01:35 on a trend from more than 117% to 79%

01:41 Since the new Argentinean president took office, the Argentinean central government has purchased

01:47 up to $9.6 billion to restore the value of the currency,

01:53 and this is aimed at achieving stability for the peso currency.