Argentina real wages down 12.6%, credit delinquency hits record 28% in non-banks

A CIFRA-CTA report shows cumulative real wage loss of 12.6% and 370,000 salaried jobs destroyed, with family credit delinquency at 12.9% in banks and over 28% in non-bank lenders. This signals deepening internal market contraction amid import opening, raising recession and financial stress risks.

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