Argentina’s Poverty Rate Declines Sharply Amid Falling Inflation

The poverty rate in Argentina decreased to 38.1 percent in the second half of 2024, down 14.8 points from earlier in the year, according to the Indec statistics agency. This follows a period of rising poverty during the initial months of President Javier Milei’s administration.

In the latter half of 2024, Argentina experienced a significant decline in poverty levels, according to recent data released by the Indec statistics agency. The poverty rate dropped to 38.1 percent, reflecting a decrease of 14.8 percentage points from the earlier months of the year when poverty had surged under President Javier Milei’s administration. These figures indicate a substantial improvement in the socio-economic conditions of the populace during the second semester.

The decrease in Argentina’s poverty levels during the second half of 2024 marks a notable turnaround following a substantial increase at the outset of President Milei’s term. With the poverty rate now at 38.1 percent, the statistics reveal positive trends in economic recovery and improvements in living standards for many Argentinian citizens.

Original Source: www.annistonstar.com