Angry Argentinians lashed out at the vehicle of the country’s Minister for Economics as inflation in the South American nation reached 69.5%.
The crowd could be heard shouting insults as the ministerial vehicle tried to leave the area.
Argentine Minister of Economy almost lynched by an angry crowd in Buenos Aires. Inflation is over 60% and the Argentine people are hungry. pic.twitter.com/0BU1zPMl0X
— RadioGenoa (@RadioGenoa) August 6, 2022
The BBC reports, “The country’s inflation rate is forecast to top 90% by the end of the year.”
“Earlier this year, Argentina avoided defaulting on a $44bn International Monetary Fund loan.
However, the impact of measures the government has to implement to meet the conditions of the deal is a major cause of concern for many in the country.”
Protestors have been taking to the streets of the capital city, Buenos Aires to express their frustration at President Alberto Fernández’ handling of the economic situation.
Earlier this month Reuters reported that “protesters marched in the capital to the gates of the presidential palace, lambasting his government over soaring inflation and a crushing national debt.”
Argentina has the third largest GDP of Latin American and Caribbean countries after Brazil and Mexico respectively.