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Prices have soared: inflation is nearing 50% a year and the government has just increased VAT from 12.5% to 20% at the behest of the IMF.
In some ways, there is much to celebrate: trade among Mercosur's four members has tripled, to $15 billion a year; foreign investment has soared; inflation has been tamed; and the group has become the world's third-largest market, with more than 210 million people and combined production of more than $1 trillion a year.
Since its founding, trade among Mercosur's four members has tripled, to $15 billion a year; foreign investment has soared; inflation has been tamed; and the group has become the world's third-largest market, with more than 210 million people and combined production of more than $1 trillion a year.
Similar(55)
Soaring inflation means the economy will stagnate.
Nor do markets seem to fear soaring inflation.
The result has been soaring inflation and trade deficits.
Soaring inflation, particularly of food and basic commodities, had further undermined the government.
The result was soaring inflation (reaching about 300 percent) and rising unemployment.
The demonstrations last week were the latest sign of growing unease in China about soaring inflation.
Crackpot economic policies have brought food shortages, soaring inflation and rising poverty.
These hawks spent years warning that soaring inflation was just around the corner.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com