The slowdown in the Argentine economy puts Milei's spending cuts to the test
https://www.bloomberglinea.com/latinoamerica/argentina/la-desaceleracion-de-la-economia-argentina-pone-a-prueba-los-recortes-de-gasto-de-milei/?utm_content=CTA&utm_medium=ORGANIC&utm_source=twitter
It didn't take a genius to figure this out but Di Tella University just announced 99% chance of a recession in the next 6 months. Hell, we already are in one...
A local economist spells out stagnation with inflation.
https://www.ambito.com/economia/severo-analisis-roberto-cachanosky-la-argentina-estancamiento-inflacion-n6245914
Today the dollar hit $6.15 in the blue market and as high as $7.50 in the interior of the country... amazing! In 30 days the price has gone from 5.03 to 6.15, moving more than an entire peso. We have broken the psychological barrier of $6 pesos. That's a devaluation of 22% in just 30 days.
What...