Argentina's Milei orders major deregulation of economy - News Summed Up

Argentina's Milei orders major deregulation of economy


Argentine President Javier Milei (C) delivered his speech to the nation from the Casa Rosada presidential palace in Buenos Aires, flanked by his cabinet. Photo: Handout / Argentina's Presidency Press Office/AFPSource: AFPArgentina's new leader Javier Milei unveiled Wednesday a series of measures to deregulate the country's struggling economy, eliminating or changing more than 300 rules via presidential decree, including on rent and labor practices. People bang pans and pots during a demonstration against the new government of Argentine President Javier Milei in front of the National Congress. Labor union members and other Argentines demonstrate in Buenos Aires against the new government of Javier Milei, who has ordered a series of controversial economic reforms. Argentine President Javier Milei has warned of spending cuts equivalent to five percent of gross domestic product in Latin America's third-biggest economy.


Source: Daily Nation December 21, 2023 07:30 UTC



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