Reported 8 months ago
Argentina's President Milei, who took office in December 2023, initiated shock therapy to save the struggling economy, leading to increased hardships for the local population. The reforms have resulted in widespread poverty, rising food prices, and increased unemployment, with a majority of Argentinians now living in poverty. While some indicators show signs of improvement like a decrease in inflation and the country's first fiscal surplus in 16 years due to measures like cutting public spending and privatizing state-owned enterprises, many citizens continue to struggle to afford basic necessities, such as beef, medication, and even food. Despite initial support for President Milei, public confidence in the government is diminishing as the economic situation worsens.
Source: YAHOO