454
submitted 2 weeks ago by MicroWave@lemmy.world to c/world@lemmy.world

Staunch libertarian Javier Milei has implemented a range of austerity measures since taking office. His government blamed previous administrations for the dire economic situation.

The poverty rate in Argentina reached 52.9% during the first six months of Javier Milei’s government, the national statistics agency reported on Thursday.

It marks the highest poverty rate since 2003, and a 11.2% increase compared to the second half of 2023.

The number of people living in extreme poverty grew by 3 million during the first half of 2024, according to the report.

The statistics agency calculates poverty by comparing household income with the cost of a basic basket of goods, which amounts to around $240 (€215).

you are viewing a single comment's thread
view the rest of the comments
[-] Viking_Hippie@lemmy.world 39 points 2 weeks ago* (last edited 2 weeks ago)

Most economists don't attribute economic performance to leadership until their own budgets and policies have been in effect for 6-12 months

Most world leaders don't dismantle their entire system with the sense and carefulness of a coked up toddler from day 1.

Add a special animosity towards anything that provides stability and financial security to the country as a whole or any non-rich person and you get dramatic worsening of conditions REALLY fast no matter how bad it already was.

this post was submitted on 27 Sep 2024
454 points (98.3% liked)

World News

38824 readers
2531 users here now

A community for discussing events around the World

Rules:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS