Poverty in Argentina reached its highest level since the aftermath of the 2001 financial crisis in the first half of the year, as President Javier Milei unleashed a shock therapy program to put an already reeling economy back on its feet.

Argentina’s poverty rate soared to almost 53% in the first half of the year, official data released on Thursday showed, the first hard evidence of the painful impact of libertarian President Javier Milei’s tough austerity measures.

The poverty figure for the first six months of this year was 52.9%, up from 41.7% in the second half of 2023, said the country's Indec statistics agency. Since taking office in December, Milei has slashed subsidies for transport,

Poverty in Argentina rose to over 52 percent of the population in the first six months of self-declared "anarcho-capitalist" Javier Milei's presidency,

According to data released on Thursday by the national statistics institute INDEC, Argentina's poverty rate increased from nearly 42% to nearly 53% in the first six months of President Javier Milei's economic shock therapy.

Argentina’s poverty rate soared to nearly 53% in the first half of 2024, according to official data released on Thursday, marking a sharp increase from the 41.7% reported at the end of 2023. This rise,

According to data released on Thursday by the national statistics institute INDEC, Argentina's poverty rate increased from nearly 42 percent to nearly 53 percent in the first six months of President Javier Milei's economic shock therapy.