Milei's Austerity Sparks Inflation Decline but Raises Poverty Rates in Argentina - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Over One Million Flee Sudan Conflict to South Sudan, UN Reports
user-iconGloria Terra
side-post-image
Desperate Gazans Unearth Bodies Amidst Ruins, Seeking Dignified Graves for Lost Loved Ones
user-iconGloria Terra
Contact Phone:
Economy

Milei's Austerity Sparks Inflation Decline but Raises Poverty Rates in Argentina

share-iconMonday, December 30 comment-icon3 weeks ago 10 views
News sources:
aljazeeraALJAZEERA
Milei's Austerity Sparks Inflation Decline but Raises Poverty Rates in Argentina

Credited from: ALJAZEERA

  • **President Javier Milei** implements significant spending cuts resulting in lower inflation but rising poverty levels.
  • Since taking office, **government spending** has decreased by 30%, leading to a fiscal surplus and inflation dropping to a four-year low of **2.4%**.
  • Despite inflation improvements, **poverty rates** have surged to **53%** in early 2024, with extreme poverty affecting over **6 million** people.
  • Milei's economic policies, while stabilizing finances, have resulted in a punishing recession, increased unemployment, and real wage declines.
  • Concerns grow over the **sustainability** of these economic changes, with experts warning of potential long-term crises if capital controls are not addressed.

For more details, read the full article here.

Gallery

SHARE THIS ARTICLE:

TAGS:

Milei Argentina Inflation Poverty Economic reforms Austerity Government spending President Economic crisis
author-dp

Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

nav-post-picture
date-iconDecember 30, 2024 MPESB Group 5 Recruitment 2024 Opens for 1,170 Nursing and Paramedical Positions
date-iconJanuary 20, 2025 NYT Connections January 20 Puzzle #589: Hints and Answers Revealed
nav-post-picture
Related Posts
main-post-image
CRIME
Bangladeshi Attacker Stabbed Saif Ali Khan After Attempting to Sneak into Shah Rukh Khan's Mannat
date-iconJan 22, 2025
main-post-image
POLITICS
José Andrés Claps Back at Trump's Claims of Being Fired, Emphasizes Collaborative Spirit
date-iconJan 22, 2025
main-post-image
ECONOMY
Navigating Gold Investments: Understanding the Gold Standard and the Rise of Fractional Gold Amid Economic Uncertainty
date-iconJan 22, 2025
main-post-image
ECONOMY
Trump’s Tariff Proposals Could Increase Prices and Potential Economic Impact in 2025
date-iconJan 21, 2025
main-post-image
POLITICS
Trump Revamps Oval Office: A Look at the Return of the Diet Coke Button and Iconic Portraits
date-iconJan 21, 2025
main-post-image
WORLD NEWS
NYT Connections January 20 Puzzle #589: Hints and Answers Revealed
date-iconJan 20, 2025

Stay Connected

main-post-image
World News
Neil Gaiman Denies Sexual Assault Allegations Amid Growing Accusations
date-icon January 16, 2025
main-post-image
World News
Marco Rubio's First Day as Secretary of State: Engaging Quad Nations to Address China's Growing Influence
date-icon January 21, 2025
main-post-image
World News
South Korea's President Yoon Suk Yeol Faces Potential Extended Detention Amid Legal Turmoil
date-icon January 16, 2025
main-post-image
World News
South Korea's Birth Rate Expected to Rise for the First Time in Nearly a Decade
date-icon January 22, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Over One Million Flee Sudan Conflict to South Sudan, UN Reports
user-iconGloria Terra
side-post-image
Desperate Gazans Unearth Bodies Amidst Ruins, Seeking Dignified Graves for Lost Loved Ones
user-iconGloria Terra
© 2025 All rights reserved | PRESS AI WORLD