The president assured that activity hit a floor in April and that since then salaries and pensions have been outpacing inflation.
The president Javier Milei once again highlighted that the Argentine economy is “in an absolutely flourishing moment” and assured that it will remain on that course thanks to the “structural reforms” that is being carried out Government since his arrival at Pink Housea little less than a year ago. He highlighted the drop in inflation, country risk and the rise in bonds in the local and international market.
During a conversation on the American computer podcast Lex Fridman, the President assured that the sharp increase in poverty in the first half of the year was “inherited” by the “growing trend that had been dragging on since the previous administration. On the contrary, he considered: “We began to do things well, we did not generate poverty.”
In addition, he explained that the 12.8% increase in poverty between the second half of 2023 and the first half of 2024 can be attributed in part to the “honesty” of the prices of basic basket products. In that sense, he developed: “The regulation was placed on the values that enter the price index. That is to say, inflation was disfigured As Argentina measures poverty and indigence by income line, This caused poverty levels to become distorted. “Poverty levels were much higher than what the previous Government showed.”
Javier Milei assured that the economy is in “a flourishing moment”
In any case, Milei considered that Argentina has already changed course after having “found a peak of activity in April.” He assured that since that moment a “cyclical recovery” began and that “salaries are outpacing inflation” and are getting closer to the real values of November. “The same for retirements,” he assured.
In this regard, he highlighted that the most pronounced increase is being seen in the informal economy wages, so “poverty and destitution are falling much lower than imagined.”
“The Argentine economy is absolutely flourishing and that is sustained in the long term with structural reforms. That is what we do day by day deregulating the economy and sending new laws that free Argentines from the number of oppressive obstacles that have punished them for the last 100 years“he remarked.
In relation to deregulation, the interviewer asked him what advice he would give to Elon Muskwho as of January 20 will be in charge of the Department of Efficiency of the United States Government, which will have functions similar to the Ministry of Deregulation and Transformation of the State, directed by Federico Sturzenegger. “Let him go to the bone, to the limit and not lower his arms”Milei responded and highlighted that the Argentine official’s portfolio “every day removes between 1 and 5 obstacles that the economy has.”
Source: Ambito
