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Milei’s Argentina: A Mixed Legacy of Inflation Control and Economic Hardship

In a year of leadership, President Javier Milei successfully curbed Argentina's soaring inflation but at a significant social cost.

By Daniel Politi, Lucía Cholakian Herrera and Ana IonovaSource: nytimes.com1 min read
Milei’s Argentina: A Mixed Legacy of Inflation Control and Economic Hardship
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In brief

Under President Javier Milei's leadership, Argentina has experienced a drastic reduction in inflation rates, gaining both national and international recognition. However, this economic achievement has come at the expense of increased poverty and hardship for millions.

In a recent meeting with former President Donald Trump at Mar-a-Lago, Milei received accolades for his efforts. With around 56% of the population viewing him favorably, many Argentines express hope amid the harsh economic cuts that have seen social programs slashed. Reports indicate that over five million now face poverty as the government navigates the complex waters of economic reform versus social welfare.Despite the turmoil, supporters argue that Milei's policies are a necessary sacrifice in the broader fight against inflation, leaving the long-term impacts on the populace still to be fully assessed.

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