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Javier Milei defends economic model and inflation reduction
President Javier Milei has defended his economic model during the Council of the Americas, asserting that his administration has successfully reduced inflation by 85% and achieved economic growth. Addressing business leaders and officials, Milei claimed that the economy has expanded by over 10 percentage points in his first two years when accounting for previous economic drags.
Regarding rising consumer debt, Milei stated that the government is not responsible for current delinquency levels. He argued that the increase in non-bank sector delinquency is linked to specific market behaviors and high interest rates rather than government policy. He further criticized economists and media outlets for what he termed “analytical poverty” in their assessments of the country's progress.
In addition to economic defenses, Milei addressed social issues, attributing declining birth rates to abortion laws. He also emphasized his commitment to deregulation, warning that businesses benefiting from previous protectionist regulations, which he labeled “prebendaries,” will face challenges under his administration's open-market policies.
Entities
Argentina · Argentine Chamber of Commerce and Services · Bolsa de Comercio de Rosario · Council of the Americas · Cámara Argentina de Comercio y Servicios · Diego Santilli · Federico Sturzenegger · Javier Milei · Keiko Fujimori · La Libertad Avanza · Luis Caputo · Luis Galarreta
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] Vice Minister of Economy José Luis Daza stated that the disinflation process will continue on solid foundations. labandadiario.com
- [● 3 SOURCES] Diego Santilli asserted that macroeconomic order is a prerequisite for growth.
- [○ 1 SOURCE] The government announced the entry of the Los Toldos II petroleum project into the large investment regime, involving $6.4 billion.
- [○ 1 SOURCE] Minister Federico Sturzenegger projected long-term prosperity if the current economic course is maintained.
- [● 3 SOURCES] Natalio Mario Grinman, President of the Argentine Chamber of Commerce and Services, expressed support for the economic plan despite its significant costs.
- [● 4 SOURCES] Chief of Cabinet Diego Santilli stated that fiscal balance is non-negotiable. elvocero.com.ar
- [● 15 SOURCES] The wholesale price index recorded a 0.8% increase in July. labandadiario.com · laverdadonline.com · datamarca.com · mediosrioja.com.ar · tribunadepetropolis.com.br · +4 more
- [● 11 SOURCES] President Milei claimed that inflation has decreased by 85% since he took office. labandadiario.com · laverdadonline.com · mediosrioja.com.ar · lapostadelnoroeste.com.ar
- [● 7 SOURCES] President Javier Milei stated his mandate is to lower inflation and grow the economy. labandadiario.com · laverdadonline.com · mediosrioja.com.ar
- [● 2 SOURCES] President Milei stated that the economic opening process is becoming abrupt due to previous restrictions. tribunadepetropolis.com.br
- [● 6 SOURCES] President Milei linked low birth rates to the legalization of abortion, criticizing the feminist movement. cybermexico.mx · datamarca.com · lapostadelnoroeste.com.ar · nden.com.ar · www.brasilemfolhas.com.br · +1 more
- [○ 1 SOURCE] President Milei described the current economic situation as a positive transition, stating the ‘movie is the best in Argentine history’. datamarca.com