Argentina’s Inflation Hits 211% in 2023, Fastest Gain in Three Decades - BNN Bloomberg
www.bnnbloomberg.ca
Argentina ended 2023 with the fastest inflation in more than three decades as President Javier Milei started to unwind a thicket of currency controls and price freezes imposed by the previous administration.
  • HowMany@lemmy.ml
    141·
    10 months ago

    I wonder what happens when a self serving con man mob boss takes over a country and starts using it like his personal piggy bank. Gee… I wonder.

  • Shardikprime@lemmy.world
    25·
    10 months ago

    Since October and November Iprofesional was shooting for 50% inflation on December of this year if Milei Won. Other firms were expecting 35% and beyond, and BBVA in its projections was aiming for a 40% and more

    25.5% is great considering all the impact of the emergency measures.

  • doylio@lemmy.ca
    813·
    10 months ago

    Since taking office Dec. 10, Milei devalued the peso 54% and eliminated price controls on hundreds of everyday consumer products, reversing the policies imposed by former Economy Minister Sergio Massa, who ran against him for president. The libertarian leader also halted runaway money-printing that had flared up during the presidential campaign.

    It seems like this guy is making the right decisions here. Seems like he’s ripping off the bandaid for a problem that previous administrations had created. We’ll see if he can right the ship.