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“We are genuinely very satisfied,” declared President Javier Milei of Argentina on local radio, after inflation in February fell by more than expected, to 13%. That, however, is the monthly figure. Over the past year it has amounted to 276%—the highest in the world. Inflation of just 8% annually has rattled politics in richer countries.
These are some of the lessons that can be learned from three countries with experience of a dollar-based economy if Argentina, Latin America’s third-largest economy, chooses to adopt the currency as legal tender
(Bloomberg) -- Javier Milei was in the middle of his first television interview as Argentina’s president-elect when an adviser abruptly handed him a cell phone. The cameras stopped rolling. Pope Francis was on the line.Most Read from BloombergGermany’s Days as an Industrial Superpower Are Coming to an EndTop Nigerian Banker Killed in Helicopter Crash in CaliforniaHow Worried Should You Be About Commercial Real Estate?Trump Says Ukraine War Must End as US Aid Advances in SenateThe world’s two mos
U.S. Secretary of State Antony Blinken returns to the Middle East as the region reacts to attacks in Iran, Lebanon, and the Red Sea; the annual Consumer Electronics Show in Las Vegas previews new pro…