Milei, a political outsider who took office in mid-December on the back of voter anger at the political elite, directed an over 50% devaluation of the embattled, artificially strong peso currency that remains held in check by capital controls
Argentina s monthly inflation rate likely soared to 28% in December, which would be the highest since early 1990, driven by a sharp devaluation of the peso currency last month by the new. -January 09, 2024 at 09:26 am EST
- MarketScreener
The slowdown comes off the back of October's general elections, analysts said, with Economy Minister Sergio Massa posting a surprisingly strong first-place finish despite the country's deepening economic crisis and radical libertarian Javier Milei trailing close behind. Get more World Economy News and Business News on Zee Business.