Associated Press
BUENOS AIRES, Argentina (AP) — The Argentinian government statistics agency says the official poverty rate in Argentina jumped to 52.9% during the first six months of Javier Milei’s presidency. The rise of about 11 percentage points _ from about 42% previously _ reflects the pain of the most intense austerity program in Argentina’s modern history. The government’s own finding that another 5.2 million had people slipped into poverty during Milei’s tenure marks a setback for the libertarian economist even as foreign investors and the International Monetary Fund — to which Argentina owes a staggering $43 billion — cheer his fiscal shock therapy after decades of reckless spending that brought the country infamy for defaulting on its debts.
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