Argentina’s President Javier Milei has implemented radical free-market reforms, including peso devaluation and fiscal austerity, in an effort to rescue the country’s broken economy. While these measures have led to a budget surplus, falling inflation, and a surge in luxury spending among the wealthy, they have also deepened the divide between rich and poor. Many Argentines are struggling with high inflation and economic hardship, even as others enjoy booming real estate and travel markets. Milei’s policies have drawn both praise for stabilizing the economy and criticism for exacerbating inequality and sparking political turmoil. The long-term sustainability of these reforms remains uncertain as political resistance grows and cracks begin to show in the economic recovery.
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