Is Milei’s Radical Plan to Save Argentina Working?

After eight months in office, Argentine President Javier Milei has slashed spending on social security, public wages and consumer subsidies. His austerity measures have won praise from former US President Donald Trump and Elon Musk. Milei also remains largely popular at home, with approval ratings above 50%. But painful reforms can only stay popular for so long. To win midterm elections next year and hang on to power, Milei must lift a cobweb of capital controls to restart the slumping economy without fanning inflation further.

00:00 Introduction
01:13 Milei’s rise
02:26 Cuts to public spending
05:23 Popularity in Argentina
06:28 Impact of austerity measures
08:10 Milei’s future

Sign up for the Bloomberg Evening Briefing, Bloomberg’s flagship briefing in your mailbox daily: https://www.bloomberg.com/account/newsletters/evening-briefing?sref=fSOf3OlP

#Argentina #Milei #News
——–
Like this video? Subscribe: http://www.youtube.com/Bloomberg?sub_confirmation=1

Get unlimited access to Bloomberg.com for $1.99/month for the first 3 months: https://www.bloomberg.com/subscriptions?in_source=YoutubeOriginals

Bloomberg Originals offers bold takes for curious minds on today’s biggest topics. Hosted by experts covering stories you haven’t seen and viewpoints you haven’t heard, you’ll discover cinematic, data-led shows that investigate the intersection of business and culture. Exploring every angle of climate change, technology, finance, sports and beyond, Bloomberg Originals is business as you’ve never seen it.

Subscribe for business news, but not as you’ve known it: exclusive interviews, fascinating profiles, data-driven analysis, and the latest in tech innovation from around the world.

Visit our partner channel Bloomberg Quicktake for global news and insight in an instant.

source