Mexico overtakes Argentina by a landslide (in economics)

After the dramatic match between Mexico and Argentina in the Qatar 2022 World Cup, Mexico has a great advantage over Argentina, but outside the football field.

Mexico. – International Monetary Fund The International Monetary Fund predicts that the value of the Mexican economy will be $1.42 trillion this year, and that of Argentina will be less than half: $630 billion.

Mexico It has the second largest economy in Latin america and No. 15 on the world list while Argentina It is the third largest company in the region and holds the position 24 in the world ranking.

Argentina was on a par with Germany

This was not always the case, as the country of tango and barbecue has become one of the richest economies on the planet in the past century, even more than Canada And next to Germany.

In 1980, Argentina produced $234 billion in goods and services and ranked ninth in the world, while Mexico produced $229 billion that year, according to the institution that handles the matter. Kristalina Georgieva.

However, after that, the Argentine economy expanded by 1.8% each year, and the Mexican economy grew at rates averaging 2.3%.

Since 1980, Argentina has suspended payments on its foreign debt five times, the highest rate of delinquency in history, surpassing Ecuador.

The Argentine government is L’s main debtor International Monetary FundAs it had more than 44 thousand and 500 million dollars pending to be returned last March.

Argentina is on the brink of the worst crisis in its history.guarantee Javier Miley Vice Advance freedom and economist at Austrian school.

We entered the twentieth century as one of the richest countries in the world. Since the beginning of the twentieth century, Argentina has witnessed 17 crises, the most prominent of which are 15 crises, the financial imbalance. The candidate for the presidency of Argentina explained that this has its roots in the adoption of socialist ideas, especially since 1916 with the slogan “Where there is a need, a right is born.”

Mexico is not only in better conditions than Argentina in economic growth and debt, but also in inflation and exchange rate parity.

Now you will be experiencing the fourth highest inflation rate on the planet

The International Monetary Fund estimates Mexico will see inflation of 8.5% this year, the highest rate since 2000, but Argentina will suffer 11 times more famine, at a rapid rate of 95%, the worst since 1991.

In fact, Argentine households would experience the fourth highest rate of inflation on the planet, then only Zimbabwe, Venezuela and Sudan.

The Argentine Central Bank It has accelerated the issuance of pesos to pay differentiated dollars in the nation in which they were born Diego Armando Maradona.

“The problem is not that Argentina lacks dollars, but that there is an angry surplus of pesos,” Melly explains.

In 2001, 1 Argentine peso was equivalent to 1 US dollar, but today it is equal to 166 units per US dollar. On the other hand, the Mexican currency rose from 9.20 to 19.33 units in the same period, figures indicate bloomberg.

In particular, Mexico can boast of having the second best performing currency this year, with the peso accumulating 5.6% against the dollar. On the other hand, the vast majority of currencies track losses, although the worst part was borne by the Argentine currency, with a collapse of 61%.

In 50 years, Argentina will be the largest shantytown in the world. Technically, there is a solution. You can think of a miracle. “You have to make reforms that go against the political establishment,” says Melly, who has only been in Mexico for a week.

Wealth and football

study University of Nottingham, From United kingdom, He revealed that the wealth of the population can have a negative impact on international competitions such as Qatar World Cup 2022.

This relates to how relatively economically accessible football is compared to other sports, such as horse or motor racing, Which translates to an attraction for less fortunate children.

In addition, parents can easily buy electronic entertainment products for their children, which are often substitutes for playing sports.

Football team performance by geography of countries can also be includedAccording to the study, countries with temperate climates tend to be more successful in sports since their residents tend to be more suited to outdoor activities.

Line: International Monetary Fund and Bloomberg

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