AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.46 Decreased By ▼ -0.11 (-1.97%)
CNERGY 4.50 Decreased By ▼ -0.06 (-1.32%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.85 Decreased By ▼ -0.11 (-0.16%)
FCCL 20.02 Decreased By ▼ -0.28 (-1.38%)
FFBL 30.69 Increased By ▲ 1.58 (5.43%)
FFL 9.75 Decreased By ▼ -0.08 (-0.81%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 114.90 Increased By ▲ 0.65 (0.57%)
HUBC 132.10 Increased By ▲ 3.00 (2.32%)
HUMNL 6.73 Increased By ▲ 0.02 (0.3%)
KEL 4.44 No Change ▼ 0.00 (0%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.39 Decreased By ▼ -0.50 (-1.93%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 30.12 Increased By ▲ 0.71 (2.41%)
PTC 14.70 Decreased By ▼ -0.54 (-3.54%)
SEARL 57.55 Increased By ▲ 0.52 (0.91%)
SNGP 66.60 Increased By ▲ 0.15 (0.23%)
SSGC 10.99 Increased By ▲ 0.01 (0.09%)
TELE 8.77 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.61 Decreased By ▼ -0.01 (-0.01%)
UNITY 23.47 Increased By ▲ 0.07 (0.3%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,399 Increased By 104.2 (1.43%)
BR30 24,136 Increased By 282 (1.18%)
KSE100 70,910 Increased By 619.8 (0.88%)
KSE30 23,377 Increased By 205.6 (0.89%)

BUENOS AIRES: Tens of thousands of people marched in Buenos Aires Thursday, demanding improvements to their economic lot as Argentina battles high inflation, unemployment and growing poverty.

The expression of public anger came as the governing coalition of President Alberto Fernandez was dealt a heavy blow in primaries ahead of November parliamentary elections, with its Senate majority appearing in danger.

Working-class Argentines demanded jobs and increased food subsidies amid an economic crisis, worsened by the coronavirus pandemic, that has left 42 percent of the population of 45 million in poverty. "I am not for or against the government... we want to work, we want factories," one protester, who identified herself only as Gisela, a mother of three, told AFP.

In recession since 2018, Argentina has one of the world's highest inflation rates - 32 percent from January to August - and owes the International Monetary Fund $44 million of which it must pay $1.9 billion this month and another $1.9 billion by December.

The country saw its GDP decline 9.9 percent last year.

On Thursday, the government predicted economic growth of four percent for 2022 and inflation of 33 percent. Over the weekend, the ruling Frente de Todos center-left coalition garnered less than 31 percent of the vote ahead of parliamentary elections scheduled for November 14 to renew half the seats in the Chamber of Deputies and a third of those in the Senate. The alliance has a majority in the Senate, which it is eager to keep, and had been hoping to achieve the same in the lower house. Sunday's vote was to pick candidates for the November elections, but it is also considered a barometer of people's voting intentions. "I don't know why they (authorities) are surprised, you can see that they don't live in our neighborhoods because anyone can see it: the indignation over the lack of work and education," protester Eduardo Belliboni told AFP.

Comments

Comments are closed.