Argentina's Peso Devaluation Leads to 120% Inflation Surge
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最新报道：Argentina's peso plunged over 50% after new President Javier Milei devalued the currency to 800 per dollar, triggering a projected 120% inflation surge. The radical economic shock therapy aims to tackle hyperinflation and fiscal deficits by slashing public spending and subsidies. Milei warned of painful short-term impacts but vowed to stabilize prices long-term. The peso's freefall has Argentines rushing to buy dollars and crypto as inflation hit 160% annually. Economists say the drastic measures could curb inflation by mid-2024 if sustained, but risks social unrest from austerity cuts during the economic transition.
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