How is Argentina doing under Milei?
- Inflation down from 211% to 27%
- Economic growth from -1.6% to 5.2%
- Unemployment from 6.4% to 7.9%
- Poverty rate from 42% to 37%
- Fiscal deficit from -4.9% to 0.3% of GDP
- Government spending down around 30%
So inflation down, the deficit is now a surplus, a massive increase in economic growth and only a modest increase in unemployment. Pretty amazing.
Worth remembering that over 100 economists including Thomas Piketty warned that electing Milei would devastate the Argentina economy. Remember that when people quote Piketty.
