Argentina's poverty rate dropped to 38.1% in libertarian President Javier Milei 's first year in office, the nation's official statistics agency reported on Monday, a closely watched measure reflecting the government's progress wrestling down what had been among the world's highest inflation rates.
The decline in poverty for the second half of 2024 — from July to December — marks an improvement from the 41.7% that Milei’s left-wing populist predecessors delivered for the second half of 2023. Milei swept to office late that year with a mandate to reverse the country’s economic decline brought about by years of reckless borrowing.
