💨 Abstract

Argentina's poverty rate reached nearly 53% in the first half of 2023, according to official data, a significant increase from 41.7% at the end of last year and more than double the 2016 rate. This surge is attributed to President Javier Milei's austerity measures, which have caused major short-term pain amid a deep recession and triple-digit inflation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖