Milei Takes Office With Ambitious Agenda to Revive Argentina's Declining Economy
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Milei gave an unconventional inauguration speech, promising to end Argentina's economic decline and promote prosperity. He faces many challenges as the economy has shrunk 12% in a decade.
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Argentina was once very prosperous but adopted damaging leftist populist policies over the past century that led to economic catastrophe.
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Milei has proposed over 350 economic reforms to open and deregulate the economy. The agenda contains fairly mainstream policies to stabilize the economy.
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There are early positive signs as the stock market and currency have responded well. But Milei faces opposition and concerning proposals around protests.
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Argentina's story serves as a warning that prosperity can be lost through bad policies. Milei offers some hope of reversing the damage, but questions remain about his methods.