ECONOMY

Argentina against a paradoxical 2018: economic growth with more poor

In this scenario of double economic standard, the main concern should be raised on the most vulnerable sectors. Although the Government acknowledged having a historical budget in terms of social assistance, for the opposition, assistance is insufficient if only social plans are granted. In this regard, the economist Jorge Vasconcelos, vice president of the Institute of Studies on Argentina and Latin American Reality of the Mediterranean Foundation (IERAL), highlights the government's desire to "avoid the risk of the cooling of the economy" with the decision to force to the Central Bank to lower interest rates despite the fact that the measure will not achieve "lower inflation". For the economist, inflation affects much more the segment of the population that lives daily, which obtains its income in the informal labor market. "The relaxation of the inflation target is not good news from the point of view of the fight against poverty, having higher inflation is not good for the 30% of the poor that the country has."