Argentina

CFK popularity continues to plummet


Published

A new opinion poll published on Sunday shows further deterioration of President Cristina Fernández de Kirchner’s popularity.

The poll published by Management & Fit and sourced in the Argentina Star suggests that the president’s popularity dropped to 24.3% in September. The figure for July was 38.1% and in August it was 30%.

The poll states that 60.6% of those interviewed disapprove of the president’s management of the country and 72.2% approve of the protests against the declining economy and rising crime.

The poll comes as new figures show the economy had zero growth in the second quarter of 2012 and the INDEC (Instituto Nacional de Estadística y Censos) agency said that inflation was at 10%.

The president’s woes were further deepened by former Economy Minister Domingo Cavallo stating that the situation of the country was much more serious than in 2001 (the year that Argentina defaulted on the larger part of $132 billion of debt). The former minister is reported in the Buenos Aires Herald as saying that “The current problem is much worse than that of 2001. At that time people bought dollars but in only one market, with total freedom. Thus, there was one value. Now there’s no convertibility because people do not have the freedom to buy foreign currency. They are desperate because they want to preserve the value of their savings and they want to buy dollars, which the Government does not allow them to do.”

Tagged with:

More detailed briefing on the politics and risk of doing business in this country is available to clients and subscribers. If you would like to know more then please contact enquiries@tradebridgeconsultants.com