As the Argentina team prepares for Sunday's World Cup final, Bloomberg reported that the country's annual inflation rate is expected to exceed 99.9% this month, and economists anticipate it will shortly surpass 100.
Inflation averaged 116% in 1986, the year Diego Maradona led the Albiceleste to victory. According to central bank figures and surveys, the inflation rate in 1978, when Argentina won the tournament it hosted, was 176%.
Lionel Messi, who was born a year after the 1986 triumph and is regarded by fans as the heir to Diego Maradona's legendary status, will make his final World Cup appearance against France on Sunday. Invigorated by their talisman, the team's run to the last match — from averting early elimination to racking up five consecutive victories — has thrilled a nation once again experiencing difficult economic times.
However, this continuous economic characteristic of the country is not indicative of the country's World Cup performance. In 1990, hyperinflation was over 2,000%, and the team lost the championship match. When the team lost the 2014 championship, the official loss rate was only 22%, but there was suspicion that the government had altered the numbers.
Comments
Post a Comment