Posted 12/21/2023, 2:06:07 AM
Milei Unveils Sweeping Deregulation to Spur Argentine Economy, Tackle Inflation and Poverty
- Milei unveiled measures to deregulate economy, eliminating 300+ rules on rent, labor, etc. to spur growth
- Aims to curb 140% inflation and help 40% living in poverty
- Changes include eliminating rent control law, privatizing state firms, updating labor laws
- Measures take effect once published, hard to overturn unless Congress rejects
- Pursuing shock therapy with deep cuts equivalent to 5% of GDP to tackle debt, money printing, fiscal issues