Skip to main content

The World Cup in Argentina is happening at the same time as high inflation.

As the Argentina team gets ready for Sunday's World Cup final, Bloomberg reported that annual inflation in the country is expected to hit 99% this month, and economists think it will soon go above 100%.

The World Cup in Argentina is happening at the same time as high inflation.

In 1986, when Diego Maradona led the Albiceleste to the title, the average rate of inflation was 116%. Surveys and data from the central bank show that the rate was 176% in 1978, when Argentina won the tournament it had hosted.

.net/YwotbKdP4sVunJGfdhmgww/e8f260a6-84bf-4222-a093-e1ef14e44c00/

Lionel Messi will play his last World Cup game against France. He was born a year after Maradona won the title in 1986, and fans see him as the next legend after him. The team's run to the final match, which included avoiding early elimination and winning five straight games, was fueled by their talisman. This has brought joy to a country that is once again going through tough economic times.

But this constant part of the country's economy is not a sign that the country will do well in the World Cup. The team lost the final in 1990, when inflation was around 2,000%. When it lost the final in 2014, the official rate was only 22%, but people thought the government had changed the numbers.

Comments

Popular posts from this blog

Top UK Trading Platforms And Apps For 2022! -ForexIntels

Currency trading is popular all over the world. This course will concentrate on the  United Kingdom , where the use of trading applications and platforms is increasing.   UK  inhabitants notice the enormous amount of trading and attempt to profit from it. Currency trading is difficult because newbies run the danger of being misled and manipulated on sham platforms.   Scammers may now set up platforms to steal people's money thanks to technical advancements. If you don't know how to evaluate the credibility of trading platforms, you're likely to be duped. Before you begin trading, make certain that the platform is licensed by trustworthy regulators. If the rules aren't stated at the bottom of a webpage, you're most likely dealing with a scammer.   If the trading platform is trustworthy and licensed, you can deposit funds and begin trading. When it comes to trading exchanges and applications, UK residents have a lot of possibilities.   The safest apps and pl...

Fed Chair Powell Says He Has ‘No Intention’ Of Banning Crypto

  U.S. Federal Reserve Chairman Jerome Powell said he does not intend to ban cryptocurrencies, but said stablecoins need greater regulatory oversight. Powell made the comments in a two-hour long House Financial Services Committee meeting on Thursday. The meeting, meant to serve as a forum for representatives to ask Treasury Secretary Janet Yellen and Powell about the Treasury Department’s and Federal Reserve’s pandemic response, featured several questions about cryptocurrencies. Rep. Ted Budd (R-N.C.), a longtime proponent of crypto and a member of the Congressional Blockchain Caucus, asked Powell to clarify statements he had made during a July hearing that the development of a U.S. central bank digital currency (CBDC) could undercut the need for private crypto and stablecoins. When asked by Budd directly whether or not he intended to “ban or limit the use of cryptocurrencies,” Powell’s response was a resounding “No.” “[I have] no intention to ban them,” he said.   Powell’s r...

Ethereum reports that the Merge Upgrade was successful.

Ethereum is a decentralized blockchain technology that enables the execution and verification of smart contracts. Participants can engage in transactions without the requirement for a central authority when using smart contracts. Participants have full ownership and visibility of immutable, verifiable, and securely distributed transaction records. Ethereum accounts send and receive transactions. Senders must sign transactions and pay in Ether for the network to process them. According to Ethereum, the Merge upgrade was successful, and there will be more. The Merge is a significant step toward reducing the amount of power required by the Ethereum blockchain, but other improvements are still in the works. The Ethereum Foundation reports that the final phase of the Paris upgrade was completed at 2:45 p.m. Hong Kong time, bringing an end to the lengthy wait for the Ethereum network upgrade. The Merge will cause the architecture of the second-largest blockchain in the world, with a market v...