The Different Faces of the Argentine Economy: Dollars that Go in Foreign Tourism, Empty Changuitos and Record Lateness in Cards

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Álvaro Arellano The consumption data in Argentina exhibit very different realities about what happens in the real economy, but it makes clear that the crisis has not yet reached all sectors. While deeds, sales of vehicles or trips abroad mark important improvements, mass consumption is sinking to historical levels. Simultaneously the growth of, the late payment of cards, loans or bounced checks also reflect another side of what happens in the da…