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Argentina's economy is growing beyond expectations
The economy surged for the first time since President Javier Milei took office, but poverty rates have risen.
Milei, a self-described “anarcho-capitalist,” had promised to adopt the US dollar as one measure to curb Argentina’s inflationary pressures — but that plan was quickly shelved. Protest movements against Milei’s suggested spending cuts have grown in recent months, as locals who cannot afford to feed their families reject the pull back of government programs. Overspending on public services and money creation have fueled Argentina’s financial crisis for decades, the Economics Observatory noted.
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