Milei's Mission: Overcoming Hurdles to Revive Argentina's Economy

Argentina's newly elected libertarian President, Javier Milei, faces the daunting task of taming the country's soaring inflation, turning around its struggling economy, and addressing the high poverty rates. Milei plans to implement economic shock therapy measures, including shutting down the central bank and dollarizing the economy. The country's net reserves of foreign currency are in the red, and a recession is looming. Milei's success or failure in reviving the economy could determine whether Argentina faces further debt defaults, increased poverty, and potential social unrest.