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AP-National

Anxiety and resignation in Argentina after Milei’s economic shock measures

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Published 9:05 PM

By ALMUDENA CALATRAVA
Associated Press

BUENOS AIRES, Argentina (AP) — Argentines are facing uncertainty and concerns after President Javier Milei’s government announced economic shock measures aimed at tackling the country’s severe crisis. The measures include a sharp devaluation of the peso by 50%, cuts to subsidies and the closure of some government ministries. Milei has warned people that these steps will cause some pain, but he insists they are needed to curb triple-digit inflation and have sustainable economic growth in the future. But anxiety is evident among people, even with those who support the new president, a self-declared “anarcho-capitalist.”

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