Argentine austerity protests mount over Macri's IMF-backed measures

Labor unions and social groups blocked streets in downtown Buenos Aires on Wednesday to protest austerity measures proposed by the government and backed by the International Monetary Fund to reduce Argentina's debt.Protesters are angry about the belt-tightening policies, which are cutting services to low-income Argentines already walloped by inflation of 31 percent and climbing.The outlook for Latin America's third-biggest economy is grim, according to orthodox and left-leaning economists alike.