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this post was submitted on 21 Feb 2024
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This is the best summary I could come up with:
The UCA’s social debt observatory is considered an independent and prestigious research space whose reports on poverty cover a larger geographical area than those conducted by Argentina’s national statistics agency, INDEC.
According to the center’s latest report, the increase in poverty levels in January was partly due to the devaluation of the Argentine peso applied by the Milei government shortly after taking office on Dec. 10.
Eduardo Donza, a researcher with the social debt observatory, told The Associated Press that although inflation could slow in the coming weeks, the incidence of rising prices will continue to impact Argentinians and poverty would hit at least 60% of the population around March.
Milei, an ultra-liberal economist who is implementing a series of shock measures, including a sharp reduction in public spending, said that the fact that “six out of every 10 Argentines are poor” constitutes “the true inheritance of the caste model,” which is what he calls the political class who has governed Argentina for the last 20 years.
She said that, starting in 2018, “with a debt in dollars and the return of the IMF (...), we went backwards.” The reality presented by the study, Fernández de Kirchner said, “shows that today we are worse off than in 2004.”
Presidential spokesman Manuel Adorni said Monday during his daily press conference, that the former president is “one of the most relevant figures in the last 20 years of Argentina’s decline.”
The original article contains 497 words, the summary contains 238 words. Saved 52%. I'm a bot and I'm open source!