Poverty in Argentina soars to over 50% as Milei’s austerity measures hit hard

Far-right president has been battling inflation by imposing steep cuts in spending, resulting in widespread poverty

Argentina’s poverty rate has soared to almost 53% in the first six months of Javier Milei’s presidency, offering the first hard evidence of how the far-right libertarian’s tough austerity measures are hitting the population.

The new poverty rate, reported by the government’s statistics agency on Thursday, is the highest level for two decades, when the country…

Click to expand…

Read more