Milei's boom-and-bust economy sparks exodus from Buenos Aires
La Libertad Avanza leader's economic model is creating new winners and losers – pushing his political popularity to the limit ahead of his re-election bid next year. Leer más
Diego Esquivel relocated to Neuquén, Argentina, following the boom in the energy sector under President Javier Milei's economic policies. His salary tripled, allowing him to afford college expenses for his daughter, which was previously unattainable in Buenos Aires. Milei's policies have led to a significant reduction in poverty levels and an improvement in the economy, with inflation decreasing from near 300% to around 30%.
However, while investors are optimistic about Milei's economic model, the benefits of these investments have not yet reached the average Argentine in urban areas. Over 32,000 businesses have closed since Milei's presidency began, with job losses and rising utility bills exacerbating economic inequality. Despite his government's relatively low approval rating, Milei remains optimistic about the country's future, emphasizing that Argentina's economic growth is still a "best movie in Argentina's history."
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.
