Argentina elects 'shock therapy' libertarian Javier Milei as president
Monday, 20 November 2023 Argentina has elected libertarian outsider Javier Milei as its new president in a bid to fix the economy's issues of high inflation, recession, and poverty. Milei, who won with nearly 56% of the votes, has promised economic shock therapy, including shutting down the central bank and slashing spending. His victory marks a significant change in the country's political landscape and economic roadmap. However, Milei will face major challenges, including empty coffers, a large debt program, high inflation, and capital controls.
Argentina elected right-wing libertarian Javier Milei as its new president on Sunday. With this election, the people of Argentina have placed their faith in an outsider with radical views to fix an economy battered by triple-digit inflation, a looming recession and rising poverty.
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