Argentina ended with the fourth highest inflation in the world in 2022 behind Venezuela, Zimbabwe and Lebanon

The presidents of Lebanon (Michel Aoun), Zimbabwe (Emmerson Mnangagwa), Venezuela (Nicolás Maduro) and Argentina (Alberto Fernández)
The presidents of Lebanon (Michel Aoun), Zimbabwe (Emmerson Mnangagwa), Venezuela (Nicolás Maduro) and Argentina (Alberto Fernández)

Argentina registered the fourth highest inflation in the world in 2022 after Venezuela, Zimbabwe and Lebanon.

With the confirmation of the December data of the consumer price index of the National Institute of Statistics and Censuses (Indec), which showed a rise of 5.1% in the month and 94.8% in the year, it was confirmed that the país ocupó un lugar tristemente privilegiado entre los países con mayor incremento de precios.

El primer puesto, cómodo, lo ocupó Venezuela con 305%, según la mezionación independiente del Observatorio Venezolano de Finanzas (OVF), que advirtió que, por el ritmo de acceleración de la devaluación del bolívar, la economía podría recaer en otro proceso hyperinflationario. Por su parte, el Banco Central del gobierno de Nicolás Maduro todavía no publicó la inflation de los ultimos dos meses del 2022.

World inflation in a selected group of countries in 2022 Infografía de Marcelo Regalado
World inflation in a selected group of countries in 2022 Infografía de Marcelo Regalado

En segundo term quedó Zimbabue con 244%, luego de two años eclécticos: 558% en 2020 y 98% en 2021. Para este año, el FMI proyectó una suba del 203 por ciento para este país Africano.

El tercer lugar le correspondió a El Líbano con un 142%, con el dato acumulado hasta noviembre; In the first 11 months of the year, the inflation in this country of the Middle East had accumulated to 189% and in November to 3.7 percent. The economy collapsed in 2019 with a default and between that year and 2021 accumulated a recession of 58%; para 2022 se proyectaba una caída del 5.4% según el Banco Mundial.

Therefore, the fourth place was for Argentina with 94.8%, its biggest record since the beginning of the convertibility, compared to 33% calculated by the Government at the beginning of the year.

Then Turkey was placed with 64%, although in 2021 Argentina was surpassed in that place.

In Latin America, Venezuela quedó primera, la Argentina segunda, Colombia tercera with 13.1%, cuarto Chile with 12.8%, quinto Perú with 8.4%, sixth Paraguay with 8.2%, séptimo Uruguay with 8.1 %, eighth Mexico with 7.8%, ninth Brazil with 5.7% and, finally, se ubicaron Bolivia and Ecuador with el 3.1 por ciento en 2022.

Among the most developed countries that meet in the G-7, Italy registered 11.6% in 2022, Germany 8.7%, the United States 6.5%, France 5.9% and Japan 4 percent, the other bajo del grupo pero el mayor para ese país en las ultimas cuatro decasas. Dado que aún no se conocen los datos de diciembre, cabe señalar que hasta noviembre Great Britain registered an interannual inflation of 10.7% and Canada del 6.8 per ciento.

The Italy governed by Meloni registered an inflation of 11% in 2022 Reuters
The Italy governed by Meloni registered an inflation of 11% in 2022 Reuters

The euro zone closed with an inflation of 9.2% for the reduction in the prices of fuels after ten months of the Russian invasion of Ukraine; en particular, los países del este europeo showed again las mayores subas, con Hungary with 22.5%, Estonia with 17.6% and Bulgaria 16.9%, while Belgium registered 10.4%, Netherlands 9.6%, Spain 5.8%, Denmark 8.7%, Norway 5.9% and Switzerland 2.8 percent, among others.

The countries with external or internal armed conflicts exhibited lower rates of inflation than Argentina: Syria, hundida en una humanitarian tragedy, mostró una inflation del 55%, Ethiopia del 35%, Ukraine del 26% and Myanmar del 19 per cento, among others .

In Africa, Nigeria reached 21% last year, Ghana 16%, Uganda 10%, Kenya 9% and Morocco 8.4%, while in Asia Pakistan reached 24% and, on the other hand, Korea registered un 3 por ciento.

The Global Economic Prospects report released this week by the World Bank indicates that “global growth is decelerating markedly due to high inflation, the increase in interest rates, the reduction of investments and the disruptions caused by the invasion of Russia.” Ukraine”.

“Given the fragile economic situation, any new adverse event – such as higher inflation than expected, abrupt increases in interest rates to contain it, the resurgence of the COVID-19 pandemic or the intensification of geopolitical tensions – could push a la economy mundial a la recession. It will be the first time in more than 80 years that two world recessions have been produced in the same decade. It is predicted that the world economy will grow by 1.7% in 2023 and 2.7% in 2024”, indicated the entity that presides David Malpass.

Para la Argentina, también marcó que tanto la elevada inflation como los controles de precios y de capitales constituyen un fuerte obstáculo para el crecimiento económico del país.

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