Javier Milei has implemented significant measures to address Argentina's economic challenges, including reducing public spending which has helped the country swing from a fiscal deficit of 2 trillion pesos ($120 billion) in December of last year. However, Argentine assets have slid as lawmakers push back against Milei's package of pro-market reforms aimed at pulling the nation out of its deepening economic crisis. Despite these efforts, Argentina's peso remains one of the worst-performing currencies globally, ranking as the 4th WORST currency, having depreciated by 20% against the USD since January 2024.
#ARGWatch🇦🇷: Argentina's peso checks in as the 4th WORST currency in the WORLD on Hanke's #CurrencyWatchlist. Since Jan-24, the peso has depreciated by 20% vs the USD. To end ARG's peso nightmare, @JMilei must dump the peso and replace it with the USD. NOW. https://t.co/U3bLaBo9zo
Javier Milei pitches Argentina as low-regulation AI hub https://t.co/77YdqtoRhp
Argentine assets slide as lawmakers push back against Javier Milei’s package of pro-market reforms designed to drag the serial-defaulter out of its deepening economic crisis, @simauchi_ reports https://t.co/eOoODVnyqZ https://t.co/Q4dyICOp9w
Argentine assets slide as lawmakers push back against Javier Milei’s package of pro-market reforms designed to drag the serial-defaulter out of its deepening economic crisis https://t.co/wIiWuwyQgn
Milei turning around Argentina's deficit and inflation (BBC News): - A quick reduction in public spending has helped Argentina swing from a fiscal deficit – the difference between the government’s spending and income - of 2tn pesos ($120bn; £93bn) in December of last year to a…