2022 Year in Review

Economic and political instability have
plagued contemporary Argentina, with
2022 presenting a particularly volatile and
challenging year. Currently, Argentina faces
a cost of living crisis that disproportionately
affects 36.5% of the population living in
poverty. Inflation sits at 88% and expected
to reach 100% by year's end.
Detrimentally, Argentina has had 3
successive Ministers of Economy in 2022
due to an unmanageable economy. Amidst
the economic crisis, the Government has
negotiated a $45 billion IMF deal to
refinance the failed $57 Billion 2018 loan.
Argentina is no stranger to political
violence, however, the assassination
attempt on Vice President Cristina
Fernández de Kirchner warns of a potential
resurgence of politically stratified brutality.
While 2022 has provided a litany of
challenges, Argentina's current crises are
merely evolutions of existing problems and
influences. Integral in comprehending the
aforementioned events is a familiar
phenomenon, the enduring influence of
Peronism.
WHAT IS PERONISM?
Peronism has been Argentina's most
influential and enduring political movement
since President Juan Peróns 1946 election.
Ideologically, Peronism is influenced by
both the far right and left in an attempt to
straddle between capitalism and socialism.
Peronism is undeniably a populist
movement, with notions of nationalism
infused throughout the ideological tenets of
social justice, economic independence,
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P H O T O : F I N A N C I A L T I M E S