• Fri. Jun 14th, 2024

Miley Embraces ‘Chainsaw Economics’ in Effort to Reverse Decades of Decline in Argentina

BySamantha Jones

Mar 27, 2024
Argentina’s President Implements ‘Chainsaw Economy’ with 70,000 Civil Servant Layoffs

In December 2023, Argentine President Javier Miley delivered a keynote address during his inauguration ceremony, emphasizing the need to undo decades of decline. He announced plans to cut 70,000 civil servant pay in the coming months as part of an effort to reduce the size of the government apparatus. This approach has been labeled as “chainsaw economics” by media due to Miley’s use of a chainsaw at rallies.

Miley has often been compared to former U.S. President Donald Trump and Brazilian President Jair Bolsonaro for their similar economic policies. He promised to reduce public debt and tackle inflation, which has soared to 140%. This marks a significant shift in economic policy under his leadership.

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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