Milei hails progress on inflation, vows to grow economy
President says he had already fulfilled the electoral promises that brought him to the presidency; Milei uses Council of the Americas speech to review his administration’s record, criticis economists and journalists and plead for re-election. Leer más
President Javier Milei concluded his speech at an Americas Society/Council of the Americas conference in Buenos Aires, vowing to fulfill his mandate to reduce inflation and stimulate economic growth. The President reviewed his administration's record, dismissing criticisms from economists and journalists while asserting his confidence in Argentina's future.
Nearly half of the President's Cabinet members addressed the attendees, each praising Milei's leadership and advocating for continued support for his policies. While Economy Minister Luis Caputo was absent due to health concerns, other officials, including Cabinet Chief Diego Santilli, Deregulation & State Transformation Federico Sturzenegger, Foreign Minister Pablo Qurino, and Deputy Economy Minister José Luis Daza, echoed the President's sentiments.
Milei attacked journalists and economists, accusing them of "analytical poverty" and questioning the accuracy of comparative surveys. He claimed that inflation had fallen by 85% under his administration, citing the consumer price index figures, and emphasized the growth of the Argentine economy at 8.3% during his time in office.
The President dismissed the idea of "two-speed growth," calling it "idiocy" and a "monument to ignorance." He further criticized Argentina's declining birth rate and abortion law, arguing that these issues are detrimental to growth and the pension system.
In his introduction, Susan Segal, president and CEO of Americas Society/Council of the Americas, expressed optimism about Argentina's prospects and the region's potential as a global economic player. She highlighted the increasing interest from investors in Latin America's resources and its ability to play a prominent role on the global stage.
Segal praised Milei's government for understanding the necessary steps to create an opportunity that extends beyond a single administration, arguing that Argentina could become one of Latin America's engines of growth with the right economic stability, openness, and investment conditions.
Written by urgent.news from Buenos Aires Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
