According to a survey published by the Argentine Confederation of Medium-Sized Companies (CAME) report released Monday in Buenos Aires, retail sales in Argentina fell 7.3% year-on-year in May as President Javier Milei s chainsaw economic policies took a deeper toll on the purchasing power of the population.
Argentine SMEs fear a wave of sackings in the coming days due to President Javier Milei s policies which may have been somewhat successful at curbing inflation but at a cost. The Industriales Pymes Argentinos (IPA) chamber released a report saying that some 17,000 jobs had been lost since Milei took office on Dec. 10, 2023, and further suspensions and layoffs appear on May s radar.