Source: International Business Times
Nine out of 10 Argentine households are in debt, according to official data AFP In Javier Milei's Argentina, falling inflation has stimulated a boom in car and real estate sales and foreign-bound planes take off laden with tourists. But on the other side of a very complicated economic coin, consumption is dropping precipitously among low- and middle-income groups while more and more people work in precarious jobs and buy groceries on credit. Milei, who took office as president in December 2023, has partly succeeded in his quest to curb state spending and runaway inflation, which reached a five-year monthly low in May.
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