Reported 1 day ago
Argentina's President Javier Milei has received significant support for his aggressive free-market reforms aimed at revitalizing the economy, evidenced by credit agency Moody's upgrading the country's rating, which reflects improved government finances and reduced debt default risks. After implementing substantial spending cuts, deregulations, and measures to attract foreign investment, Milei has facilitated a transition from high inflation rates, stabilizing the macroeconomic environment. While the economy contracted in 2024, forecasts suggest a growth rebound this year, further enhancing investor confidence in Argentina's future.
Source: YAHOO