Argentina’s Milei Gains Global Attention for Economic Reforms and Controversial Policies

President Javier Milei's drastic cost-cutting measures have curbed inflation but triggered economic hardship, drawing praise from U.S. conservatives and criticism at home.

• President Javier Milei has implemented sweeping austerity measures in Argentina, reducing inflation from 25.5% to 2.4% in his first year in office, but at the cost of a major recession and rising poverty.
• Milei’s policies, including deep cuts to public spending, the elimination of ministries, and subsidy reductions, have earned him praise from U.S. conservatives like Donald Trump and Elon Musk.
• Despite economic stabilization, over half of Argentines are now living below the poverty line, and unemployment has surged due to widespread public sector layoffs.
• Milei’s approval ratings remain high, with supporters citing his efforts to address long-standing economic issues, though critics highlight the social costs and question the sustainability of his reforms.
• Milei, invited to Donald Trump’s inauguration, has been hailed as a model for U.S. deregulation efforts, with Trump advisors drawing inspiration from his aggressive fiscal policies.

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