President Javier Milei hailed the latest economic data showing a significant decline in poverty during the second half of 2024, marking a turning point for Argentina’s economy. The libertarian leader attributed this success to his administration’s pro-market reforms and fiscal discipline, while strongly criticizing economists and media analysts who had dismissed his economic strategy.

Argentina’s Economic Turnaround

According to official INDEC data, the poverty rate saw a notable reduction, contradicting the doom-and-gloom predictions of government critics. This shift comes as Milei’s economic policies—including deregulation, spending cuts, and monetary stabilization—begin to show tangible results.

Milei’s Response: A Victory Against Economic Misinformation

Taking to social media, Milei didn’t hold back:
✔ He celebrated the drop in poverty as proof that libertarian policies work.
✔ He attacked so-called “econochantas” (fraudulent economists) who predicted an economic collapse under his leadership.
✔ He criticized “ensobrados” (paid-off journalists and analysts), accusing them of manipulating public opinion against his reforms.

The End of Argentina’s Populist Economic Model?

Milei’s government inherited an economy in crisis, plagued by decades of Kirchnerist interventionism and chronic inflation. However, his rapid fiscal and monetary adjustments are restoring market confidence and, as new data suggests, beginning to lift Argentines out of poverty.

While opposition figures continue to attack Milei’s policies, the hard numbers tell a different story—one of a country moving toward economic recovery, stability, and growth. The president’s message is clear: the era of populist mismanagement is over, and Argentina is finally on the right path.