Reported 5 months ago
The article discusses how rich investors, including Elon Musk and Stanley Druckenmiller, are showing enthusiasm for President Javier Milei of Argentina, praising his austerity measures and policies to tackle inflation and economic underperformance. Milei's budget cuts have led to an improvement in the country's fiscal situation and a slowdown in inflation, rewarding investors. However, on the ground, the austerity measures have halted public works projects, causing concerns about long-term economic and social impacts in Argentina, where many families and infrastructure projects are affected. Social unrest and challenges with ongoing projects are highlighted as potential threats amid the government's austerity measures.
Source: YAHOO