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Thu, 12 Nov, 2026Updated 11:03 am IST
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Argentina's Economic U-Turn

President Milei's recovery and price stability come at a steep cost, with millions driven into destitution ahead of elections

Argentina's Economic U-Turn
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Argentine President Milei has achieved a significant economic turnaround, with the country experiencing both economic recovery and price stability.

This economic recovery is a notable accomplishment, especially given the challenges that Argentina has faced in the past.

However, this achievement has come at a substantial cost, with millions of people being driven into destitution.

The timing of this economic recovery is also noteworthy, as it comes ahead of upcoming elections in Argentina.

## What's at Stake The fact that millions have been driven into destitution raises important questions about the impact of economic policies on vulnerable populations. The upcoming elections will likely be influenced by the trade-offs made by the current administration, with voters weighing the benefits of economic recovery against the costs of widespread destitution.

The current state of the economy and the plight of those driven into destitution will likely be major issues in the upcoming elections, as voters consider the kind of economic policies they want to see in the future.

## Why it Matters The situation in Argentina serves as a reminder that economic recovery and price stability are only part of the equation, and that policymakers must also consider the social impact of their decisions. As the country moves forward, it will be important to balance economic growth with social welfare, to ensure that the benefits of recovery are shared by all, not just a select few.

Sources

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