Argentinian president Javier Milei promised radical changes before he came to power. Now, after just over a year in office, there are many signs that point to a relative improvement in the Argentinian economy.
Wages are starting to catch up with inflation. Inflation fell from a peak of 25.5 per cent in December 2023 to 2.7 per cent in December 2024. The national deficit has been reduced and economic activity has rebounded.
The poverty rate, after having increased, is now reportedly lower than it was when the Milei administration took power at the end of 2023.
