Research
Argentina's shock therapy under Milei has delivered its headline wins: annual inflation collapsed from 211% to roughly 31–50%, the first fiscal surplus in over a decade was achieved and sustained, and official poverty data show a sharp recovery from a peak of 52.9% in mid-2024 to 28.2% by end-2025 — though critics at Greenwich and King's College argue the social infrastructure dismantled in the process makes that recovery fragile and potentially statistical. The core unresolved tension is whether the short-term costs — a poverty spike, deindustrialization signals, rising unemployment, and the surrender of monetary sovereignty to an IMF-backed exchange-rate regime — represent necessary transitional pain or the foundation of a different kind of crisis. Readers should note two underreported fault lines that may prove decisive: official poverty figures lack distributional breakdown by income decile or informal employment trends, and a quiet 41% rise in South-South investment alongside a 28% fall in Western FDI — including Argentina's first RMB-denominated soy trade deal — suggests the geopolitical economy of the experiment is shifting in ways the mainstream verdict has not yet absorbed.
Goldilocks scenario: Inflation drops sharply in the second quarter of 2024 and returns to moderate levels (a range between 15 and 30 percent as ...
Order a copy of our magazine Too Long: https://toolong.news/collections/tl007 About a year ago, it looks like Javier Milei's radical reforms ...
Inflation Rate in Argentina decreased to 32.40 percent in April from 32.60 percent in March of 2026. Inflation Rate in Argentina averaged 187.94 percent ...
According to official data, 31.6 percent of the population was experiencing poverty in June 2025, down from 54.8 in June 2024. As of June 2025, 6.9 percent of ...
Milei had taken over a disastrous economic and financial policy from the previous Peronist government under the leadership of Alberto Fernández.
This time, the IMF agreed to provide Argentina with $20 billion over four years while the country's president, Javier Milei, continues to ...
Argentina's unemployment rate rose to 7.5% in the fourth quarter of 2025, up from 6.6% in the previous period. Joblessness stood at 8.1% for women and 7.0% ...
The 2024 Argentina protests were a series of protests and riots in Argentina that took place from January to June 2024 in response to reforms introduced by ...
Multiple polls now agree that disapproval exceeds 60%, driven by stubbornly high inflation, rising unemployment, a wave of business closures and ...
Written By: Arjun Patel. When Argentinian President Javier Milei was elected, the country was attempting to manage a financial crisis.
The decline in poverty for the second half of 2024 — from July to December — marks an improvement from the 41.7% that Milei's left-wing populist ...
Overall, education has suffered a real decrease of more than 30% between 2023 and 2025. For example, teacher training and technology programs ...
Milei and his foreign minister Diana Mondino have repeatedly cast doubt on climate change, as well as questioning the UN's 2030 Agenda for ...
Protest against labour reform in Argentina on 11 February, 2026. Unions in Argentina stage national strike against labour reform. Protest ...
The IMF forecasts 4.5% growth in 2025, moderating to 3.5% in 2026 and settling at 3.0-3.2% annually through 2028. This trajectory reflects the ...
Under the exchange rate system that Milei implemented earlier this year, the peso floats freely within a band (between 951 and 1,471.4 pesos to ...
IMF conditionality review must acknowledge that macroeconomic stability cannot be built on erosion of rights, care systems and environment.
Based on this definition and internationally comparable data, in 2023, approximately 50% of employment in Argentina was in the informal sector.
More than 30 companies have been closing each day in Argentina for the past 1 1/2 years, with a net loss of more than 236000 jobs, ...
When Milei took office, he inherited the world's highest inflation rate of 211% from the previous Peronist government. Currently, at 31%, it is at its lowest ...
Milei had been elected on a wild, utopian promise to abolish the Argentine peso altogether. The chronically disaster-prone currency had proven ...
But by forsaking dollarization and keeping currency and capital controls in place, Milei has jeopardized his anti-inflationary program and ...
Argentina, after a strong GDP rebound expected in 2025, is forecasted to decelerate toward 3.1% growth in 2026, while activity in Colombia is ...
Javier Gerardo Milei (born 22 October 1970) is an Argentine politician and economist who has served as the 52nd constitutional president of Argentina since ...
Following the election of Milei in December 2023, Argentina adopted a “shock therapy” approach to economic policy, centred on austerity measures ...
A new UCA Social Debt Observatory brief shows the figure falling to 36%, almost 10 points lower than the same period of 2024.
Real wages will continue improving as inflation declines, supporting private consumption. Export growth will slow compared to 2024, affected ...
Argentina's President Milei is battling stagflation with bold reforms but faces hurdles in maintaining disinflation and fiscal balance.
Argentina's 2025 midterms gave President Javier Milei a decisive win, reinforcing support for his market oriented reform agenda.
This paper provides new evidence that explains the continued dollarization of the Argentine economy.
Normative and discursive setbacks affecting trans and non-binary persons have also been recorded amid rising violence and discrimination. In February 2024, ...
Argentina's public debt, which stood at near 90 percent of GDP at end-2019, is unsustainable. As such, the primary surplus needed to reduce ...
But what explains the success of 'shock therapy' and the failure of gradualism? The answer lies in the principles of political economy. The ...
Although the outlook is much brighter than it was a year ago, challenges still loom in 2025. The main objective will be to deliver growth, estimated at 5 ...
This Technical Assistance report on Argentina sets out IMF staff's views on a feasible macroeconomic framework that could underpin a debt ...
—Mexico's formal job creation fell 8.4% year-on-year in Q1 2026, with IMSS recording 207,604 new positions versus 226,731 in Q1 2025.
The value of the basic food basket, which establishes the extreme poverty line, stood at 208,442 Argentine pesos in February 2026.
The measures taken by the Milei government will, in the short term, lead to a decline in real wages and the share of wages in income ...
The reforms of 1990 are the best-known application of shock therapy. To some observers, they were very successful: admiration of the Polish reforms was.
Milei has regularly said he would veto the pension bill, which to override would require two-thirds in both chambers of Congress. In June, the ...
Javier Milei is slowly unwinding the currency intervention and price control policies that restrict Argentines' access to investments.
ECLAC forecasts regional growth of 2.3% in 2026, slightly below the 2.4% recorded in 2025, marking four consecutive years of growth rates around ...
AS/COA Online looks at his approval numbers, compares them to past presidents, and zeros in on how his performance is being graded on top issues.
Argentina's industrial production rose by 5.0% year-on-year in March 2026, recovering from an 8.6% decline in the previous month.
As a heterodox community, we wish to better understand the social and economic consequences of the Milei government and discuss the possible alternatives ...
More recent research suggests that movements in the exchange rates of open economies do not affect export competitiveness via traditional ...
Income Concentration is Still Extreme in Latin America: The Wealthiest 10% Obtains 34.2% of Total Income, While the Poorest 10% Only Gets 1.7%, ...
Milei believes that an economic recovery is the best way to build a national consensus and a stable legislative coalition for budget surpluses, ...
GDP growth is projected to be robust, at 5.2% in 2025 and 4.3% in 2026. Private consumption and investment will continue to recover, sustained ...
This paper reviews the economic research on US safety net programs and cash aid to families with children and discusses what existing studies reveal.
Sign up to read the full research briefing
Sign up