NewsHow's the economy in Argentina doing under Javier Milei's administration? Protests rise across the country

How's the economy in Argentina doing under Javier Milei's administration? Protests rise across the country

BUENOS AIRES, ARGENTINA - NOVEMBER 14::Javier Milei
BUENOS AIRES, ARGENTINA - NOVEMBER 14::Javier Milei
Images source: © GETTY | Anadolu Agency

12:36 PM EST, January 31, 2024

While unions are striking against accelerating inflation, the new president states his actions are required to "fix the country. "

False start

In just seven weeks of Javier's administration, the value of the Argentinian currency, which the president was rejecting in the campaign, saying he would replace it in dollars, went down drastically, gas prices almost doubled, and the inflation that was supposed to stop according to voters of the liberal accelerated.

Speaking about the issue, he said that "fixing tens of years can't take just a month", and he is ready to take the challenging way to get out of the "economic hell"

Two kind of people?

As the president continued to comment on the strike, he couldn't stop himself from saying that the strikes show more than ever that there are two kinds of people in Argentina- one stuck in the past and another that "puts us on the path to be a developed country." "Times" quoted.

As the strikes seem to be nationwide, and many media covering them feel that they can change Javier's politics, he has over 58% of Argentinians supporting him, and the rates are not affected by the panic.

Sources: Reuters, The New York Times, CNBC

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