Argentine economic crisis

The Argentine economic crisis involved a long-term struggle with high inflation, rising debt, and economic instability. Years of excessive government spending, currency devaluations, and reliance on borrowing created unsustainable financial pressure. When investor confidence waned, Argentina faced shortages of foreign currency, making it hard to pay debts or import goods. This led to a deep recession, skyrocketing prices, and widespread economic hardship. The crisis reflects complex issues like policy choices, external economic shocks, and structural vulnerabilities, resulting in a cycle of debt, inflation, and social challenges that Argentina continues to navigate.