Argentina exits recession in win for libertarian president Milei
CNNDEC 30 2024
Argentina's Monthly Inflation Hits Lowest Rate Since Mid-2020
Above: A shop window displaying prices in Argentine pesos in Buenos Aires on Feb. 13, 2025. Image copyright: Luis Robayo/AFP via Getty Images
The Spin
Right narrative
This nosedive in inflation is a remarkable win for Milei, as his ambitious austerity measures and bold economic reforms have kicked off a process to tackle the country's spiraling prices even amid severe economic turmoil. Forget about magical politicians, economic common sense is the actual solution.
Left narrative
Economic management has indeed improved since Milei took office, but that isn't much of a compliment given that the previous administration was a complete disaster. While it's certain that prices are now rising at a slower pace, this success comes at the expense of lower economic activity and a high poverty rate.