Posted 2/19/2024, 12:49:00 AM
Argentina's Poverty Levels Soar to 20-Year High Amid Controversial Economic Reforms
- Argentina's poverty level rose to 57.4% in December, the highest in 20 years
- The poverty increase is blamed on new president Javier Milei's peso devaluation after taking office
- Milei aims to overhaul Argentina's historically socialist government with free market "shock therapy"
- Argentina has high inflation, a plunging currency, and billions in foreign debt obligations
- The country posted a rare budget surplus in January, the first since August 2012
