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Argentina’s Economic Turnaround | Texas News
IMF chief Kristalina Georgieva is praising Argentina’s economic turnaround under President Javier Milei, crediting his bold austerity and reforms for restoring market confidence after years of debt crisis. Bond prices are soaring, inflation has plummeted from over 200% to 33%, and major credit agencies have upgraded Argentina’s rating. Yet, for ordinary Argentinians, the cost is steep: wages lag, consumer spending weakens, household debt climbs, and unemployment ticks up. Georgieva sees Argentina nearing a future where it may no longer need IMF loans after the 2027 election, and she’s set to…
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