Argentina Needs a Psychologist

According to a recent article published at Mercopress.com,  economist Carlos Melconian stated that rather than consulting with Economists to determine a solution to Argentina’s economic riddles, authorities should consult with a psychologist to better understand the workings of the country and its economy.

Despite increased consumption and an apparently growing economy, the country is experiencing serious capital flight which may suggest a lack of confidence in government policies over the long run.

Having defaulted on more than $80 billion in debt at the beginning of 2002, Argentina suffered through a severely unstable economic instability as a result. Only recently has Argentina’s severe unemployment issue returned to normal levels from an estimated high of jobless rate of 25% after the debt default of 2002.

Reports suggest that current inflation rates sit at 11%, and may continue rising.

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