Economy

Graphic: How popular are Fernández’s economic reforms?

23rd January 2020

By The Essential Staff

Graphic: How popular are Fernández’s economic reforms?

Alberto Fernández’s presidency has been focused on the economy from the first minute, but many of his reforms have faced controversy and resistance from different sectors. According to the first surveys on his administration, the difference between his most and least popular economic initiatives is quite wide.

</p> <img class=" wp-image-7614 aligncenter" src="https://gettheessential.com/wp-content/uploads/2020/01/infographic-1.jpg" alt="Popularity of Alberto Fernández's first economic initiatives" width="667" height="493" srcset="https://gettheessential.com/wp-content/uploads/2020/01/infographic-1.jpg 2500w, https://gettheessential.com/wp-content/uploads/2020/01/infographic-1-300x222.jpg 300w, https://gettheessential.com/wp-content/uploads/2020/01/infographic-1-1024x757.jpg 1024w, https://gettheessential.com/wp-content/uploads/2020/01/infographic-1-768x567.jpg 768w, https://gettheessential.com/wp-content/uploads/2020/01/infographic-1-1536x1135.jpg 1536w, https://gettheessential.com/wp-content/uploads/2020/01/infographic-1-2048x1513.jpg 2048w, https://gettheessential.com/wp-content/uploads/2020/01/infographic-1-600x443.jpg 600w" sizes="(max-width: 667px) 100vw, 667px" /> <p>The research from the <a href="https://zubancordoba.com/portfolio/nacional-enero-2020/">Zubán-Córdoba consultancy agency</a> has its limitations, as it was only conducted through the web and comes amid global doubts over the reliability of political surveys, but it&#8217;s one of the first of its kind since the change of presidency.</p> <p>According to the report, the <a href="https://gettheessential.com/economy/2020/01/02/do-frozen-tariffs-risk-countrys-hopes-for-energy-exports">freezing of utility rates</a> (gas, electricity and transport) for 180 days was the most popular announcement, tied with the <a href="https://gettheessential.com/economy/2019/12/26/alberto-fernandez-pension-reform-flattening-the-pyramid">lump-sum extra payments</a> for pensioners, with an average of 3.9 points out of 5 in both cases. The other half of Fernández&#8217;s pension reform, however, was in the opposite end of the spectrum, as the 180-day <a href="https://gettheessential.com/economy/2019/12/26/alberto-fernandez-pension-reform-flattening-the-pyramid">suspension of the pension indexation formula</a> only had 2.4 points out of 5.</p> <p>Overall, initiatives seen as protecting the most vulnerable were popular, with the revamped <a href="https://gettheessential.com/economy/2019/04/11/macris-unorthodox-turn-to-prop-up-consumption">Precios Cuidados</a> price control program polling at 3.8 out of 5 despite its low popularity among economic analysts, while anti-hunger programs and <a href="https://gettheessential.com/economy/2020/01/16/what-do-alberto-fernandez-mandatory-wage-hikes-mean">base hikes for private workers</a> were similarly backed.</p> <p>The other two measures with below average support were the <a href="https://gettheessential.com/economy/2019/12/19/infographic-the-pesos-ever-growing-list-of-exchange-rates-argentina-blue-chip-swap-exports-imports-black-markets-gap">30 percent tax</a> on foreign currency purchases and the hike in export duties against the <a href="https://gettheessential.com/politics/2019/12/26/century-long-farming-conflict-resurge-in-argentina-city-countryside-agro-industry-farmers-exports-protectionism">farming sector</a>.</p> <p>Overall, the consultancy sees Fernández as broadly popular, with 60 percent of the population generally backing his administration so far.</p> <p>

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The Essential Staff

The Essential is a premium subscription-based news platform that brings you high quality journalism and in-depth coverage in English about the changing face of Argentina’s politics and economy.