In Argentina, Javier Milei‘s administration has been marked by a series of economic measures aimed at stabilizing the country’s economy. Milei promised to erase a nearly 3% fiscal deficit from the previous year, leading to tough austerity measures, spending cuts, and currency devaluation23. The government’s actions have resulted in a fiscal surplus for the first time in over a decade and have bolstered market belief in Milei’s ability to stabilize the economy1. However, Milei faced challenges as Congress rejected his request for expanded executive powers, causing bonds to sink and international investors to turn pessimistic2. Despite Milei’s efforts to push austerity measures and deregulation to revive the economy, inflation remains high, reaching its highest level in three decades at over 276% annually in February3. The reality of Milei’s governance reflects a mix of positive market responses alongside challenges in implementing his shock therapy approach and managing economic indicators like inflation.
Video: VisualPolitik
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