Argentina has experienced a significant decline in poverty levels, with the proportion of the population living in poverty decreasing to 38.1% in the latter half of 2024. This represents a 14.8-point drop from earlier in the year, following a surge during the initial months of President Javier Milei’s term, according to the Indec statistics agency.
Recent statistics released by Argentina’s Indec agency indicate a significant reduction in poverty levels in the latter half of 2024. Following a sharp increase during the initial months of President Javier Milei’s administration, the percentage of individuals living in poverty dropped to 38.1%. This marks a notable decline of 14.8 percentage points compared to the first half of the year, reflecting the positive impact of falling inflation on the population’s economic conditions.
The findings from Indec reveal a promising decrease in poverty levels in Argentina, suggesting that declining inflation is contributing significantly to improved living standards. This trend highlights the potential for economic recovery under President Javier Milei’s leadership, as the country seeks to stabilize its economy and enhance the welfare of its citizens.
Original Source: www.annistonstar.com
