The Telegraph reported:
“Painful reforms brought in by Mr. Milei are reaping their first rewards. Monthly inflation was 13 per cent when the 54-year-old economist and TV pundit took office in December 2023. This October it was 2.7 per cent, diabolical for most Western nations but a momentous improvement for Argentina’s distorted, basket case economy. Meanwhile, the South American nation has achieved its first fiscal surplus in more than a decade.”
He is called a ‘free-market absolutist’ and worked as one to shake up the destroyed economy.
This year the economy will shrink by 3.5 per cent, while cutting public spending by a third and firing 30,000 public sector workers.
Although the official statistics will not be published until next year, poverty, which shot up 11 points to 53 per cent during the first half of 2024, appears to be falling, driven by gentle rises in wages, he says. GDP should resume growth in 2025.”
Milei, it is said, may be at a point where he can start thinking about cutting taxes. And once he does that, his popularity is bound to jump
https://www.thegatewaypundit.com/2024/12/argentinas-milei-completes-one-year-power-as-his/
