Argentina: Police, Protesters Clash as Senate Passes Reform Bill
ClashesArgentina: inPolice, ArgentinaProtesters Clash as Senate Passes Key Reform Bill
The Spin
Milei took over a country in the depths of unprecedented economic and political turmoil, and he's already turning it around in six months. Once a beacon of Western excellence, Argentina was driven to a societal nadir due to leftist regimes, but Argentina is enjoying the start of a promising recovery. Milei’s market-based reforms are saving Argentina.
The country's self-declared anarcho-capitalist has so far aggravated recession, increased poverty to 55%%, and sentincreased annual inflation up to 300%. Given that austerity has failed several times in Argentina, popular opposition to such measures is anything but surprising. If approved, these reforms will further undermine living conditions in Argentina.
Metaculus Prediction
There's a 15% chance that Argentina will fully dollarize its economy before Jan. 1, 2028, according to the Metaculus prediction community.
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