Argentina will print 10,000 peso notes amid soaring inflation

Associated Press

Argentina labor unions’ 1-day strike against President Milei paralyzes daily life

Argentina's poverty rate has increased from 41.7% in the second half of 2023 to 52.9% — reportedly highest since the 2001 financial crisis — in the first half of 2024.

Buenos Aires Times

Some 15.7M Argentinians — nearly one in five — are now poor, according to the figures published on Thursday by the country’s INDEC statistics agency.

France 24

Its annual inflation of over 230% is reportedly among the worst, but fiscal steps have tamed the monthly figure from 25.5% last December to 4.2% recently.

The poverty surge came in the first six months of the presidency of Javier Milei who's reportedly overseeing one of the nation's most severe austerity programs.

Since December 2023, Milei has drastically curbed public spending. The economy reportedly lost at least 136K formal jobs and many more informal ones under him.

Agustín Salvia, head of the Argentine Catholic University’s Social Debt Observatory, reportedly hinted in February at “a generalized impoverishment" of society.

Argentina: Poverty Rate Above 50% in First 6 Months Under Milei

Articles on this story

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

Argentina: Poverty Rate Above 50% in First 6 Months Under Milei

Articles on this story

Sign Up for Our Free NewslettersSign Up for Our Free Newsletters

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters