After 100 brutal days, Javier Milei has markets believing
Argentines have not given up on him either
“We are genuinely very satisfied,” declared President Javier Milei of Argentina on local radio, after inflation in February fell by more than expected, to 13%. That, however, is the monthly figure. Over the past year it has amounted to 276%—the highest in the world. Inflation of just 8% annually has rattled politics in richer countries. That Mr Milei had cause to celebrate 13% monthly inflation shows the scale of the economic mess he inherited, and how much he has left to do to fix it.
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This article appeared in the The Americas section of the print edition under the headline “The chainsaw and the blender”
From the March 23rd 2024 edition
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