this post was submitted on 11 Oct 2024
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[–] [email protected] 15 points 2 months ago (1 children)

However, more than half of Argentinians are now living in poverty. https://www.bbc.com/news/articles/ceqn751x19no

[–] [email protected] -1 points 2 months ago* (last edited 2 months ago) (1 children)

It only went up 11%points, which is a miracle considering the 230% inflation going on before he took office.

How much if your country would be in poverty if next year their savings and income were effectively slashed by 60%?

[–] [email protected] 6 points 2 months ago (1 children)

It went up by 11% points. The amount of people in poverty increased by 25%

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago)

True. Corrected. The point is that was already pretty bad and getting worse quick, so reaching 50% isn't that surprising. His policies probably slowed it down.

[–] [email protected] 5 points 2 months ago

It's a very kill or cure approach.... Let's hope it works long term.

It's still a huge yearly inflation rate though!

[–] MediaBiasFactChecker -3 points 2 months ago

Buenos Aires Times - News Source Context (Click to view Full Report)Information for Buenos Aires Times:

MBFC: Right-Center - Credibility: High - Factual Reporting: High - Argentina
Wikipedia about this source

Search topics on Ground.Newshttps://www.batimes.com.ar/news/economy/argentina-inflation-slows-to-lowest-under-milei.phtml
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