Argentina's economy this year is expected to expand by no more than 1.5 percent, mainly because of lower commodity prices and waning demand from China for its agricultural goods. The government's policy of nationalizing private firms has also spooked investors.Inflation estimated last year at 28 percent and projected to be even higher in 2014, forces rounds of wage and price negotiations. Hugo Moyano, one of Argentina's most powerful union leaders, recently said inflation is "eating up salaries" and "must be corrected and compensated."
Argentines jockey to cope with economic turmoil
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