Inflation slowdown continues, decelerating to 2.4% in November
Dec 11, 2024 · Inflation slowdown in Argentina continues, decelerating to 2.4% in November. Data from the INDEC national statistics bureau shows consumer prices increased by 2.4% last month, below the expectation of analysts and markets.
Year one: Milei surpassed expectations, but now faces high ones
Dec 7, 2024 · When Milei took office in December 2023, the debate in informed circles was whether he would be able to govern Argentina. Now the debate is whether this is the beginning of a new political era for the country’s democracy — one that would elevate Milei to the ranks of the political personalities who have dominated domestic politics since 1983: Raúl Alfonsín in the 1980s, Carlos Menem in ...
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A year into office, Milei’s ‘shock’ therapy takes hold
Dec 10, 2024 · As a result, the country’s risk rating, tracked by JP Morgan, fell from 3,000 points to below 740, a historic low. On the back of a confrontational narrative, in which he pledged to “end the caste” of politicians and fight against “the impoverishing left,” Milei has also eliminated more than 30,000 public sector jobs, reduced ministries and state agencies, frozen public works ...
A year in, Milei yet to fulfill key economic campaign promises
Dec 9, 2024 · A year in, Milei yet to fulfill key economic campaign promises. Dollarisation, the removal of the ‘cepo,’ and the closure of the Central Bank – though he has tamed inflation, President Javier Milei has yet to deliver on key economic promises in his first year in office.
Four takeaways from President Javier Milei's first year
Dec 10, 2024 · Four takeaways from President Javier Milei's first year in office. Four takeaways from Milei's first year in office: Slimming the state, wielding the chainsaw, domestic political battles and a shift in foreign policy.
Milei is Argentina’s most popular leader but disapproval grows
Oct 31, 2024 · Most are against privatising all state-run companies as the president would like to do; those in favor of the price controls he’s scrapped outnumber those who prefer businesses to decide; and more than 60 percent of respondents say the government needs to improve its relationship with Brazil after the libertarian traded insults with President Luiz Inácio Lula da Silva.
Argentina inflation slows to lowest under Milei
Oct 10, 2024 · Consumer prices rose 3.5 percent in September from August, below the 3.6 percent median forecast of economists surveyed by Bloomberg. Annual inflation slowed to 209 percent, according to government data published Thursday.
Argentina’s recession ‘is over,’ Milei tells business leaders
Nov 8, 2024 · Recent data from the INDEC national statistics institute showed that industrial production grew 2.6 percent in September compared to the previous month and construction increased 2.4 percent compared to August, although both indicators were down 6.1 percent and 24.8 percent year-on-year respectively.
The spending cuts that allowed Milei to turn around the economy
Apr 23, 2024 · The report said: “It was found that pensions withstood 35 percent of the total reduction, real direct investment 15 percent, transfers to provinces 13 percent, energy subsidies nine percent and salaries seven percent, among the most significant ones.”