As the financial crisis in Argentina continues its course, an unexpected phenomenon is emerging on the streets of Buenos Aires: a flourishing food scenewrote The New York Times in a chronicle that seeks to analyze the paradoxes derived from the economic situation.
The New York newspaper questions how in the midst of economic uncertaintythe porteños rush to “burn” their pesos before they lose even more value, which would be deriving in a resurgence of new trends and gastronomic places.
The journalistic chronicle highlights the case of Pedro Diaz Floresone of the co-owners of a renowned restaurant, the “seventeenth gastronomic establishment to open in Buenos Aires in the last 18 months”, and who highlights the commitment they are making for the opportunity it provides “the gastronomic scene in Argentina”.
“In the midst of economic turmoil, Buenos Aires andis bringing to life a culinary scene that rivals the best in the world. This phenomenon might seem surprising, but it is the direct response to the financial crisis that devastates the country”, states the NYT.
And he adds: “With inflation exceeding 114%, ranking as the fourth highest rate in the worldand the Argentine peso plummeting, down 25% in just three weeks in April, Argentines feel the urgency of getting rid of your currency before it loses even more value”, responding to the phenomenon raised.
Instead of keeping their savings in pesos, the middle and upper classes of Buenos Aires are opting to go out to eat more frequently, investing their money in gastronomic experiences. This trend generated “unprecedented” demand in the gastronomy industry, something that is being fully exploited by businessmen in the sector and chefs to invest in the opening of new establishments.
Jorge Ferraria renowned restaurant owner who recently reopened a historic German restaurant that had closed during the pandemic, recognizes the opportunities that arise in the midst of crises.
While some resort to cryptocurrencies or other capital marketshe chose to continue doing what he does best: “delight diners with your culinary talents”.
As Argentines begin to enjoy Buenos Aires’ thriving gastronomic scene, “the flavors and aromas that emanate from restaurants become a symbol of resilience and creativity in difficult times“.
The gastronomic boom: “A facade”
For the American newspaper, the situation reflected in the streets of Buenos Aires is a “facade”. “Everyone seems to be having a good time. However, In much of the country, Argentines live in harsh situations while hunger is on the rise”, assures the Times.
And he maintains that in the “more affluent circles, theThe rush to leave is a symptom of a dwindling middle class that, no longer able to afford large purchases or tripschooses to live in the here and now because people do not know what tomorrow will bring them, nor if their money will be worth anything”.
The chronicle published in the NYT concludes that: “For members of the middle class, in particular, expenses such as vacations or a car have been out of reachfor which other whims occur”, which would explain, according to the New York newspaper, why for some government officials there is no economic crisis in Argentina by maintaining that consumption continues to rise.
One of those officials who supported that theory a few weeks ago was Gabriela Cerruttipresidential spokesman, who pointed out that “thePeople can’t make ends meet, but money slips in restaurants and concerts”.
Source: Ambito
