Argentina’s economic situation and outlook
The libertarian government has reduced inflation from almost 250% in November 2023 down to 33% now. It’s still a very high rate -almost ten times the inflation rate of a decent country- yet it is a formidable achievement for a singular case like Argentina.
Argentina is a singular country for many reasons you must know:
1. Back in 1974, half a century ago, income per capita was 60% of average income of advanced countries.
2. People living in poverty were 4% of population. Nowadays they are more than 30%, and when inflation spikes the figure reaches 50%.