Argentina has seen weeks of mass protests [6] in response to a rapidly deepening economic crisis. Prices for basic goods [7]are skyrocketing [7], leaving many struggling to make ends meet. The protest wave began on Argentina's independence day, July 9, when thousands marched on the presidential palace [8]. Dubbed the "Argentinazo [9]," the mobilization was held in Buenos Aires and cities across the country. Last week, center-left President Alberto Fernández named his second new economy minister [10] in less than a month, as his own coalition has fractured over how to handle the burdensome national debt.
The country avoided defaulting on an IMF loan [11] in March, postponing scheduled payments in exchange for pledges of belt-tightening measures. These include a slash in energy subsidies that have helped keep utility bills low—imposing further hardship on the poor amid the spiralling inflation. (More at NACLA [14])
Food and fuel prices are spiking worldwide [15] due to the Ukraine war, sparking protests in countries across the planet.
