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Reuters
Reuters
Business
By Maria Belen Liotti

In Argentina, mass protests demand higher wages, lower inflation

Demonstrators march towards the National Congress during a protest against the level of inflation and to demand a joint action to solve the economic crisis, in Buenos Aires, Argentina August 17, 2022. REUTERS/Agustin Marcarian

Thousands of frustrated Argentines clogged downtown Buenos Aires on Wednesday in raucous street protests, demanding government action to boost salaries and unemployment benefits battered by surging consumer prices and a weakening peso currency.

The South American nation's economic crisis has seen the ranks of the poor swell to 40% of the population as President Alberto Fernandez struggles to find solutions to an annual inflation rate hovering around 70%.

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