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Argentina Industrial Output Plummets Amid Milei Austerity Measures

Argentina Javier Milei Economy
Small and medium-sized businesses struggle amid rising inflation in Argentina

Argentina's industrial output has plummeted to levels near those seen during the height of the pandemic, as the country grapples with the impact of austerity measures implemented by economist Javier Milei.

The latest data reveals a stark decline in industrial production, with factories operating at significantly reduced capacity. This downturn in output is a concerning sign for Argentina's economy, which has been struggling with high inflation and a weakening currency.

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