Javier Milei Races to Ease Argentina Inflation, Keep Voter Support

Javier Milei finds himself up against the clock just four months into his term as Argentina’s president.

Since taking the reins in December, he has cut federal aid for local governments, devalued the peso, announced plans to terminate 70,000 state jobs and done away with price controls. But for all the economic pain that his “shock therapy” has unleashed on Argentines — annual inflation has soared to 276% — voter support is little changed from when he ascended to office.

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