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Shardikprime @lemmy.world

3mo ago

Argentina’s Milei marks one year in office. Here's how his shock measures are reshaping the economy

abcnews.go.com Argentina’s Milei marks one year in office. Here's how his shock measures are reshaping the economy

When libertarian President Javier Milei assumed office one year ago, Argentine supermarkets were marking price increases almost daily

Argentina’s Milei marks one year in office. Here's how his shock measures are reshaping the economy

4 comments

Poverty is up uP UP! Economic liberalism working as intended.

https://www.theguardian.com/world/2024/sep/27/poverty-rate-argentina-milei
Tldr: poverty above 50%

So from what I'm reading GDP is down poverty levels are up and unemployment levels are up. How is this not an economic depression exactly? Sure seems like one.
- The inflation rate is down from its recent high of 292%, now down to 166%. Which is better I suppose, still horrible though. And whether that's worth the massively increased poverty rate is... debatable to say the least.