Argentina’s Milei vows to push economic reforms with or without parliament
Al JazeeraMAR 2024
Report: Argentina's Middle Class Shrinks
Image copyright: Tomas Cuesta/Stringer/Getty Images News via Getty Images
The Spin
Pro-establishment narrative
As the far-right Milei has devalued the peso and cut subsidies for essential services, the average Argentine citizen is paying the price for his fiscal adjustment program. Poverty has reached an all-time high in the country, the purchasing power of wage workers has fallen by roughly 14%, and there's a recession on the horizon.
Establishment-critical narrative
Inflation has fallen in Argentina month after month since the libertarian economist-turned-president took office and implemented his shock therapy to revive his country's economy, which has long suffered from hyperinflation and rising poverty. Milei's government has posted the first monthly budget surpluses in years and is making remarkable inroads toward fixing the Argentinian economy.