Source link Argentinian President Javier Milei has unveiled a plan to slash 70,000 jobs from the state sector and terminate over 200,000 social welfare programs as part of reforms aimed at stabilizing the country’s ailing economy. Milei announced the proposed measures on Tuesday during an hour-long speech at the IEFA Latam Forum in Buenos Aires. […]
Source link The South American country’s economy is now projected to contract for a second straight year The International Monetary Fund (IMF) has revised down its economic outlook for Argentina, forecasting a second straight year of negative growth amid President Javier Milei’s push for what the IMF report calls a “significant policy adjustment” in his […]
Source link The country’s labor unions are unhappy with the austerity measures introduced by the newly elected president Argentina’s labor unions have called for a mass strike on Wednesday to protest the economic reforms introduced by President Javier Milei. Labor unions representing workers in various industries, including transportation, construction, and the public sector, are set […]
Source link The package contains over 300 measures to battle the country’s severe economic crisis Argentine President Javier Milei has announced sweeping economic reforms in a bid to combat the worst economic crisis in the country in decades. They include the privatization of state-owned companies, as well as steps to end limits on exports and […]
Source link Javier Milei has promised radical measures to battle the country’s worst economic crisis in decades Argentina’s new government has announced a sharp devaluation of the peso, cuts to energy and transportation subsidies and a freeze in spending on some major state programs. The measures, announced on Tuesday in a televised appearance by the […]
Source link The president-elect has pledged radical policy measures to deal with the financial crisis Argentina’s president-elect Javier Milei is facing a huge challenge of turning around the nation’s battered economy when he takes office on December 10. Critics claim Milei’s radical proposals are pushing the country into the unknown. RT explores his endeavor to […]
Source link Argentina’s president-elect, Javier Milei, has promised “shock therapy” to fix the country’s beleaguered economy, which has been hit by one of the world’s fastest inflation rates and a looming recession, Bloomberg reported on Monday. Milei, who beat Economy Minister Sergio Massa in Sunday’s runoff election, is pledging radical measures for the Argentine economy […]