Posted 3/25/2024, 1:58:52 PM
Argentine Markets Rally as Libertarian President Milei Pursues Fiscal Austerity
- Argentine markets are rallying ahead of Easter break due to libertarian President Milei's fiscal tightening and pro-investor policies
- Milei took office in late 2021, pledging zero deficit and spending cuts to fix finances
- Markets celebrating as imbalances reducing - fiscal and trade surpluses in Feb for 2nd straight month
- Milei feted by markets for austerity and pro-investor focus, helping rebuild reserves
- Inflation still over 275% and poverty rising despite growth stalling from tough reforms