World News@lemmy.worldEnglish · 10 months ago

Argentina inflation surges past 200%, hitting highest level in decades

www.nbcnews.com

315

Argentina inflation surges past 200%, hitting highest level in decades

www.nbcnews.com

Lee Duna@lemmy.nz to

World News@lemmy.worldEnglish · 10 months ago

President Javier Milei, who has been in office for just over a month, is looking to employ tough austerity measures to bring down inflation, reduce a deep fiscal deficit and rebuild government coffers.

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10 months ago
“There are four types of countries: developed, underdeveloped, Japan, and Argentina.” -Simon Kuznet
- Andrenikous@lemm.ee
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  10 months ago
  Why is Japan called out? Genuinely curious
  - Zipitydew@sh.itjust.works
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    10 months ago
    Zombie economy stuff. https://en.wikipedia.org/wiki/Lost_Decades
    - Ahri Boy 🏳️‍⚧️@lemmy.dbzer0.com
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      10 months ago
      Japanese companies should continue divesting elsewhere.

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