Posted 1/29/2024, 12:10:00 PM
Argentina's Economic Crisis Puts Pressure on New President's Reform Plans
- Argentina was once very wealthy but now suffers from massive economic crisis and rampant inflation
- Many Argentinians like Oriana and Samir struggle to afford basic necessities like beef and even chicken
- New president Javier Milei won election on libertarian platform promising to fix economy and cut spending
- Milei plans to slash government, devalue currency, and balance budget to control inflation
- But opposition in Congress and from unions may block reforms needed to turn around economic crisis