Milei aggravates the inherited situation, magnifies his achievements, and omits unfavorable data on his trip to Madrid
EL PAÍS compara los datos citados por el presidente argentino durante la visita con informes oficiales y de consultoras económicas
Economist Javier Milei, who assumed the presidency of Argentina in December 2023, has maintained a discourse that tends to magnify the harsh legacy received from the Kirchner administration and highlight its economic achievements. During his speech at the Nueva Economía Forum in Madrid, Milei insulted Pedro Sánchez and listed a series of data points to support the country's economic advancement.
While macroeconomic improvements are undeniable, the magnitude of these improvements is not as grand as they appear. Milei's speech also omits unfavorable figures such as the rise in unemployment, the closure of over 30,000 businesses, the decline of certain industrial sectors, the record delinquency of Argentine families due to the inability to repay debts, and the decrease in the purchasing power of wages and pensions due to the increase in expenses for services like electricity, gas, water, and transportation.
Brief written by urgent.news from El Pais's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
