Russia and China hold joint military drills on the Sea of Okhotsk
Associated PressOCT 2024
Despite inheriting an economy ravaged by 211% inflation, Pres. Milei's bold "shock therapy" is bearing fruit in Argentina. His uncompromising focus on balancing budgets and ending money printing has driven inflation down dramatically from 25% in December 2023 to 2.7% by October 2024. While the path has been painful, with necessary recession and spending cuts, the strategy's success is evident in renewed mortgage lending and surprising economic growth.