- Feb 22, 2017
- 115,110
- 41,046
- 2,290
Argentina's poverty rate soared to almost 53% in the first half of the year, official data released on Thursday showed, the first hard evidence of the painful impact of libertarian President Javier Milei's tough austerity measures.
That marked a steep jump from 41.7% at the end of last year and more than double the 26% just seven years ago, underscoring the severe cost to regular Argentines of repeated economic crises that have hammered the South American nation.
Milei's popularity is starting to fade in the country. Will be interesting to see how far the people are willing to let him go.