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RSS FeedsUncertainty puts Argentine business owners on defensive
(WorldNews Business)

 
 

14 august 2019 03:15:05

 
Uncertainty puts Argentine business owners on defensive
(WorldNews Business)
 


BUENOS AIRES, Argentina (AP) - At Boedo Automotive in Argentina’s capital, rows of shiny new cars are for sale. But two days after the overwhelming primary election thumping for conservative President Mauricio Macri sent the Argentine peso into a tailspin, not a single customer walked through the door Tuesday. Carlos Avoguadra, the shop’s owner, sat behind his desk, ill at ease. “We woke up on Monday with serious problems, with a skyrocketing exchange rate,” said Avoguadra, a 70-year-old who has been selling cars for more than half his life. “I’ve been through a lot of difficult times,...


 
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