With Milei 500 days in office, are Argentinians better off?

With Milei 500 days in office, are Argentinians better off?

Argentina's libertarian president Javier Milei has now been in office for 500 days, and his radical pro-market agenda continues to draw global attention. But is it working?

A report by the Latin American Strategic Center of Geopolitics (Celag) based on figures from the Institute of Statistics and Censuses, the Central Bank and other public bodies, shows that in the 500 days of Javier Milei's management the economy contracted sharply in all indices: the GDP was reduced, there is less consumption, more debt and more unemployment. 500 days of Milei as President of Argentina The PBI Lowered industrial production Decrea…

Wells Fargo moderated his enthusiasm for Argentina’s economic direction after a first year of intense reforms under Javier Milei’s presidency. While recognizing achievements in fiscal and monetary matters, the firm warns that the challenge will be to sustain that momentum in a volatile political context with increasing risks. SEE MORE: Milei’s plan to normalize the Argentine economy deserves supportIn his most recent report, Brendan McKenna, the…

Although President Javier Milei celebrated the end of the recession in January and the economy grew 0.6% deseasonalized intermonthly, registered employment fell again, according to data from the Argentine Integrated Preventive System (SIPA). This does not count that 42% of the labor force in the country is in informality. There are more than 5.7 million people who work without basic rights as retirement contributions or health coverage, accordin…

The first 500 days of Javier Milei's rule bring conflicting opinions.

Writing Open Channel Javier Milei turns 500 days as president of Argentina and a report of the Latin American Strategic Center of Geopolitics (CELAG) reveals the most outgoing data of the economic and social deterioration since its assumption in December 2023. Although it is the main promise of campaign and flag of La Libertad Avanza, the inflation accumulated in little more than a year and a half reached 196%. The rebound of March, with 3.7%, …