With poverty rising and inflation dropping, the first 100 days of Javier Milei's presidency in Argentina have given cause for hope and concern.

The Social Observatory of the Catholic University (UCA) found that poverty had risen from 45% to 57% in Argentina. And the United Nations Children's Fund (UNICEF) expects the country's child poverty rate to climb from 62% to 70%. These growing societal tensions pose an ever-greater problem for Argentina's new libertarian-conservative government under President Milei.

The rise in poverty opposes the first fiscal achievements. Milei has overseen an inflation drop from around 25% in December to around 20% in January to 13.2% in February. Argentine weekly Perfil recently predicted inflation would fall by up to 7% by July.

The president said the "sharp slowdown" in inflation was "the result of the national government's work to enforce strict budgetary discipline." Even so, the current rate of 13.2% is still high for the average........

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