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International Business Times

Business

Fran BLANDY

Argentine Government To Unveil Measures To Avoid 'Hyperinflation'

Javier Milei Inflation Hyperinflation Economy Manuel Adorni

Argentina government spokesman Manuel Adorni said the goal of the reforms will be to avoid hyperinflation (Credit: AFP)

President Javier Milei's new government will on Tuesday unveil a set of emergency measures to avoid "hyperinflation" that are expected to deliver a shock to the country's ailing economy.

The 53-year-old libertarian and self-described "anarcho-capitalist" took office on Sunday vowing to slash public spending, warning the situation was likely to get a lot worse before it gets better.

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