What the surveys say about the pandemic effect in our country

According to the report carried out by Consultora W at the end of 2020, the greatest economic impact of Covid-19 was registered in the lower middle class (28% of the population pyramid) and the upper lower (18.4%), two segments that did not they had the level of state aid that did attend the most disadvantaged class, the low one (31.6%; graph above). If we add these two socioeconomic levels (SES) the accumulated is 46.4%, while if we add the almost 32% corresponding to the SES D2 / E, the sum climbs to 78%. This figure gives us an idea of ​​the current social vulnerability, which is suggestively close to the order of magnitude of the proportion of Argentines who say they are in debt according to the most recent monitoring of social networks by consulting firm Taquión: 71.5% (graph below) .

What the surveys say about the pandemic effect in our country

Among the indebted, there are nuances: almost 23% say they have debts but can pay them in the short term, while 18.2% stretch the ability to pay in the long term. On the other hand, 14.1% say they have got into debt to face previous debts, 12.5% ​​stopped paying some for not facing them and 4% stopped paying all, which accumulates 30.6% of high vulnerability.

What the surveys say about the pandemic effect in our country

This panorama corresponds to a compromised domestic situation, in which the basic food basket for a typical family reached $ 34,976 last October, according to the consulting firm Focus Market; This figure represents a month-on-month rise of 2.97% and a year-on-year increase of 51.45%. For more information, the basic food basket for a typical family is 9.3% above the minimum wage for October ($ 32,000; graph above).

What the surveys say about the pandemic effect in our country

To look at the glass half full, consumption during last October registered a 0.4% drop, which was the smallest retraction recorded in 2021 until that moment. Thus, the accumulated for the first 10 months of the year left a negative balance of 8.6%. According to the report, the third quarter showed a slowdown in the drop in consumption in formats of up to 500 square meters, along with growth in large commercial areas and the wholesale channel. For Damián Di Pace, head of the study, the relative improvement responds to the new salary adjustments obtained in parity, to which was added the increase in the minimum living and mobile salary and other social plans that seek to reverse the fall in consumption. “We notice three scenarios: a private sector with salaries almost equal to inflation, the public sector slightly below and the most punished sector of the informal wage earner to whom the rebound of the economy still did not reach or to which it did not reach to recover the level Of income”.

What the surveys say about the pandemic effect in our country

Thus, the main problem for the domestic economy of Argentines is inflation, a scourge that for almost 9 out of 10 is the responsibility of the national government; barely 4% of comments on networks blame businessmen and 8% other sectors (graph above). In this variable, Covid-19 also had a negative impact, since the price increase became a global and regional problem, as evidenced by a recent study by the econometric consultancy pxq: considering February 2020 as the base scenario, from At the beginning of the pandemic, the main countries of Latin America suffered an acceleration of the consumer price index (CPI), although the impact was greater in those that had already been experiencing higher inflationary inertia, such as Argentina (graph below).

What the surveys say about the pandemic effect in our country

Leave a Comment