2018 has not been a strong economic year for Argentina. And a new survey illustrates how, as indicators continue to deteriorate – i.e high levels of inflation, a depreciating currency, a drop in productivity and shrinking of the economy – so does the people’s expectations and their evaluation of the government’s policies.
The survey, conducted by D’Alessio IROL consultancy, indicates that 95 percent of the people consulted agree with the premise that this year was economically worse than 2017.
This inflation and plummet in the value of the Peso have led to concerns and worries as the currency’s value has halved since the beginning of the year, with values reaching AR $41.31 at the end of September.
Moreover, steep increases in the prices of utilities, such as gas and electricity, have led 74 percent of the people surveyed to indicate that further increases are the news they fear the most in the economic landscape.
Yet there is still a quiet sense of confidence from the Cambiemos supporters, the poll further reveals that whilst 40 percent of supporters predict a worse forthcoming year, 57 percent remain optimistic and are hoping for the storm to calm. The 57 percent of the optimistic Cambiemos supporters, are split into two categories, 47 percent voting for ‘better’ and 10 percent ‘much better.’ On the other end, 21 percent responded predicting that the upcoming year would ‘worse’ and 19 percent predicted ‘much worse.’
Nonetheless, it also appears that Macri’s halo has somewhat lost its glimmer, as the poll reveals his administration’s public approval rating has now dropped to 37 percent, the worst it has been since the president took up the role in December 2015. This is very much a change of tune when compared to October 2017 – after Cambiemos’ victory in the midterm elections – when his approval rating hit 53 percent.