Argentina has come out of a deep recession in a major victory for the country’s unorthodox President Javier Milei, who has spent the past year enacting sweeping — and painful — reforms in Latin America’s third-largest economy.
  • DeadWorldWalking@lemmy.world
    42·
    6 days ago

    The article talks about how these policies have skyrocketed unemployment and dismisses the fact that unemployment hasn’t come back down. While also saying that the recession is over because corporations are making more money than last year…

    None of the metrics we use to evaluate the success of economies reflects the human experience in any way. It’s a pathetic trick countries use to pat themselves on the back while watching quality of life decline.

  • microphone900@lemmy.ml
    21·
    6 days ago

    Here’s hoping they can recover without having to continue to have this as an asterisk-

    But these measures have also pushed up unemployment and the poverty rate.