this post was submitted on 21 Feb 2024
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[–] Shardikprime@lemmy.world 2 points 9 months ago (1 children)

Wow, so the previous government had a poverty percentage of 0?

No, wait, they had 49% poverty by November 2023.

And you tell me that after all these changes to reduce spend, it went up by 8%? I would have expected it to reach 90% to be honest.

[–] bluGill@kbin.social 2 points 9 months ago (2 children)

The whole goal of those changes is tough love to fix all the problems, so short term problems but in 2 years things improve for the better.

Administrations don't have near as much control over the short term as you seem to think.

[–] Deceptichum@kbin.social 19 points 9 months ago

Lol, “if we do even less we will magically become better in the long term” is genius levels of cope.

Austerity doesn't work, we've known this for a long time now.

[–] Shardikprime@lemmy.world 0 points 9 months ago

I get what you mean. No I don't think they have magical control, but with all the fear monger about the guy on Lemmy you would expect that a nuclear cataclysm should have razed Argentina by now haha.

Still I do hope everything goes to plan and inflation starts to trend down. It is going down but we need more. Good thing is Caputo is aiming for inflation near 10% this February. If it even stabilizes over 5% monthly that would be an extreme boon.

They guy would be reelected for next term assuredly