Argentina’s Milei marks one year in office. Here's how his shock measures are reshaping the economy (abcnews.go.com)
from Shardikprime@lemmy.world to world@lemmy.world on 11 Dec 14:57
https://lemmy.world/post/23020847

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Eldritch@lemmy.world on 11 Dec 21:18 next collapse

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

Stamau123@lemmy.world on 12 Dec 01:52 next collapse

theguardian.com/…/poverty-rate-argentina-milei

Tldr: poverty above 50%

njm1314@lemmy.world on 12 Dec 05:47 collapse

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.

ChairmanMeow@programming.dev on 12 Dec 07:05 collapse

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.