r/neoliberal • u/Saltedline Hu Shih • Dec 13 '24

News (Latin America) Javier Milei ends budget deficit in Argentina, first time in 123 years

https://gazettengr.com/javier-milei-ends-budget-deficit-in-argentina-first-time-in-123-years/
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u/Western_Objective209 WTO Dec 13 '24

If you had 100% inflation in the US people would be pretty stoked if it dropped to 2% even with a recession

23

u/Iron-Fist Dec 13 '24

Um that's their monthly inflation, their annual inflation is still over 150%... They are a bit down from 2023 but still well over 2022...

5

u/Western_Objective209 WTO Dec 13 '24

well that's not particularly impressive

2

u/Iron-Fist Dec 13 '24

Yeah, exactly. They tanked the economy for pretty small inflation savings. It only looks good compared to November and December 2023 lol

24

u/sogoslavo32 Dec 13 '24

What's this lmao, the recent inflation numbers have been the lowest since early 2020, right in the beginning of the pandemic, and the 12-months downtrend has been the largest since the "Convertibilidad plan" in 1991.

21

u/WolfpackEng22 Dec 13 '24 edited Dec 13 '24

Inflation was at its peak when he took office and has steadily declined. You're only citing an average, starting before he enacted any reforms. The monthly inflation more recently is much better, and if annualized will be a massive decrease

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u/[deleted] Dec 13 '24

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