Argentina will print 10,000 peso notes amid soaring inflation

Associated Press

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

According to government data published Thursday, Argentina's poverty rate has increased from 41.7% in the second half of 2023 to 52.9% in the first half of 2024.

Buenos Aires Times

About 15.7M Argentinians now live below the poverty line. This comes as Pres. Javier Milei has implemented stringent austerity measures since December intended to address inflation and the nation's budget deficit.

France 24

In the last two months alone, fuel prices have more than doubled in Argentina, while bus and train fares have increased by 251% and 169%, respectively. The minimum wage currently sits at AR$156K ($161) a month.

Buenos Aires Herald

The country is in a deep recession, with annual inflation inflation levels at over 230%. However, Argentina's monthly inflation has fallen from 25.5% last December to 4.2% recently.

Argentina's government has cut public spending, including reducing funds to community kitchens, while expanding two key welfare programs — the Universal Child Allowance and a Food Card program.

Al Jazeera

Investing.com

Since Dec. 2023, when Milei took office, Argentina's economy has lost at least 136K formal jobs. However, the government aims to create a fiscal surplus of over 1.3% of the country's annual economic output in 2025.

Washington Post

NBC #1

Associated Press #1

Buenos Aires Times #

About 15.7M Argentinians now live below the poverty line, reportedly due to self-declared anarcho-capitalist Pres. Javier Milei's austerity measures.

France 24 #

In the last two months alone, fuel prices have more than doubled, while bus and train fares have increased by 251% and 169%, respectively. The minimum wage currently sits at AR$156K a month.

Buenos Aires Herald #

The country is in a deep recession, with annual inflation remaining over 230%. However, Argentina's monthly inflation has fallen from 25.5% last December to 4.2% recently.

Associated Press #8082

Argentina's government has cut public spending, including reducing funds to community kitchens, and expanded two key welfare programs, the Universal Child Allowance and a Food Card program.

Al Jazeera #10128

Since December 2023, Argentina's economy has contracted 3% and lost at least 136K formal jobs. However, the government aims to create a fiscal surplus of over 1.3% of the country's gross domestic product (GDP) in 2025.

FT #

Washington Post #

Due to Pres. Milei's radical reforms, Argentina's economic woes have only intensified. The self-proclaimed anti-establishment president's drastic measures, aimed at slashing welfare and provincial funding, have exacerbated the country's dire financial situation. His aggressive approach and polarizing rhetoric have hampered his ability to implement meaningful change. Ultimately, Argentinians are left grappling with an increasingly bleak economic landscape.

Newsweek

Newsweek #

Argentina's Javier Milei Is the Wrong Answer to the Right Questions | Opinion

Pres. Milei has tackled Argentina's economic woes head-on, implementing shock therapy reforms to slash government spending and reduce inflation. Despite skepticism and dire predictions, Argentina's economy showed surprising growth, with a 2.3% year-over-year increase in GDP and a cooling inflation rate. While critics feared deep recession and economic pain, early indicators suggest Milei's aggressive cuts might be yielding results.

Eurasia Review

Eurasia Review #

15082024 How Javier Milei Is Turning Argentinas Economy Around Oped

There's a 15% chance that Argentina will fully dollarize its economy before 2028, according to the Metaculus prediction community.

Metaculus

Metaculus #

Argentinean dollarization

Contributor/Anadolu via Getty Images

Report: Argentina's Poverty Rate Rises To 52.9%

Argentina

Economic conditions & trends

Politics

Due to Pres. Milei's radical reforms Argentina's economic woes have only intensified. The self-proclaimed anti-establishment, anarcho-capitalist president's drastic measures, aimed at slashing welfare and provincial funding, have exacerbated the country's dire financial situation. His aggressive approach and polarizing rhetoric have hampered his ability to implement meaningful change. Ultimately, Argentinians are left grappling with an increasingly bleak economic landscape.

Pres. Milei has tackled Argentina's economic woes head-on, implementing shock therapy reforms to slash government spending and reduce inflation. Despite skepticism and dire predictions, Argentina's economy showed surprising growth, with a 2.3% year-over-year increase in gross domestic product and a cooling inflation rate. While critics feared deep recession and economic pain, early indicators suggest Milei's aggressive cuts might be yielding results.

Report: Argentina's Poverty Rate Rises to 52.9%

Report: Argentina's Poverty Rate Rises Toto 52.9%

The Spin

Metaculus Prediction

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