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 countryArgentina's self-declared anarcho-capitalist has so far aggravated recession, increased poverty to 55%, and increased annual inflation 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.
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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