this post was submitted on 14 Mar 2024
88 points (91.5% liked)

World News

39325 readers
2160 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 5 points 9 months ago

This is the best summary I could come up with:


BUENOS AIRES, Argentina (AP) — Argentina’s inflation slowed in February for a second consecutive month, as right-wing President Javier Milei continues to push austerity and deregulation measures in an effort to revive the country’s struggling economy.

According to figures released Tuesday by the government’s INDEC statistics agency, Argentina’s monthly inflation slowed down to 13.2% in February, compared to 20.6% in January and 25.5% in December.

On a yearly basis, however, inflation remains the highest in three decades, topping 276.2% in February.

Milei’s government said in a statement that February’s inflation rate was the result of a “strong fiscal discipline.”

A self-described anarcho-capitalist, Milei assumed power in December and almost immediately announced a series of shock measures, including a 50% devaluation of the nation’s currency in hopes of eventually bringing the country’s roaring inflation under control.

Milei has announced a painful adjustment plan aimed at staving off hyperinflation and warned that the measures would initially have a “negative impact on the level of activity, employment, real wages, and the number of poor and indigent people.”


The original article contains 242 words, the summary contains 174 words. Saved 28%. I'm a bot and I'm open source!