Argentina's economy shows signs of life as inflation drops to unexpected lows
Latest data shows Argentinaʼs monthly inflation rate dropped to 2.8% while yearly rate stays at 200%. President **Javier Mileiʼs** strict money-saving plan starts working despite hard times for public workers
The south-american economic giant shows first good news in years‚ as monthly inflation numbers went down from 25% to just 2‚8% (comparing end-2023 to nov-2024). Javier Mileiʼs tough money-saving plan seems to work - even though yearly inflation stays near 200%
Local business owners see first positive changes. “My sense is that weʼve already passed the worst; it seems to me the economy hit bottom 2 months ago“ says textile merchant Aram Boyaciyan‚ who notes that middle-class buyers started spending more
The governments strict budget-cuts hit public workers hard: some still struggle with day-to-day needs. “I dont know much about inflation but I know that when I get my salary its gone in a couple of days‚“ teacher Aida Segot explains - her monthly pay now runs out on 12th instead of 20th
Despite hard times people support Mileiʼs work: many blame old politicians for economic problems. “I think its important to understand that this is the path; and while some are struggling as long as we stay on this path it will be okay‚“ says store owner Dolores Sagasta
The countrys problems - like low foreign money reserves and 50% poverty rate - still need fixing. But with yearly inflation expected to drop from 300% (seen last spring) to 100% by new-years eve‚ argentinians start believing in better future
