IMF slashes Argentina’s growth forecast over Milei’s ‘shock therapy

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(Bloomberg) — The International Monetary Fund revised down its growth estimate for Argentina, forecasting South America’s second-largest economy will shrink for two consecutive years as President Javier Milei pushes for a “significant policy adjustment.”

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But after less than two months at the helm of Latin America’s third-largest economy, the self-described anarcho-capitalist is already facing off against opponents in the streets and in Congress, where some of his overhauls have already been derailed. Its inflation rate is now the world’s highest, surpassing even Venezuela’s.

Argentinian court overturns Milei’s labor rules, in a blow to his reform plans

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Argentina Can Appeal Hedge Funds’ Lawsuit Over GDP-Linked Securities

h/t Emeraldlight

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