Milei announces shock adjustment of 15% to Argentina’s GDP

INSUBCONTINENT EXCLUSIVE:
constraints, Milei warned of potential hyperinflation without fiscal adjustments.He vowed to dismiss any minister proposing increased
Milei promised to exert all efforts to prevent it.His strategy includes a robust fiscal adjustment targeting a zero financial
election, winning in 20 of 23 provinces, including the autonomous capital, Buenos Aires.His victory margin over opponent Sergio Massa was
risen sharply
Inflation reached 142.7% annually in October, with the central bank raising interest rates to 133%.Additionally, the poverty rate in
Argentina climbed to 40.1% in the first half of 2023, signifying a substantial increase in the number of people living in poverty.