Argentina’s president, Javier Milei, faces challenges as new figures reveal over half of the country’s population living in poverty. Despite efforts to curb overspending and inflation, poverty rates have spiked to 52.9%. Milei’s drastic economic measures have sparked backlash from trade unions and opposition lawmakers, who criticize his “relentless austerity” policies.
Since taking office, Milei has devalued the peso, reduced government ministries, and cut subsidies to tackle the economic crisis. While his government boasts fiscal surpluses and a relatively high approval rating, the opposition blames previous administrations for the country’s woes.
The rise in poverty reflects not only Milei’s struggles but also a deeper-rooted issue in Argentina. Inherited mismanagement and years of populism have contributed to the current economic turmoil. Despite Milei’s efforts, the road to recovery remains challenging, with critics calling for a more balanced approach to address poverty and protect workers’ rights.
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