Argentina is facing its worst poverty levels in two decades, with over 40% of households now struggling to afford basic needs, according to recent data. The sharp increase follows aggressive austerity measures by President Javier Milei, including spending cuts and subsidy removals aimed at stabilizing the economy. 🛑💸
Local soup kitchens report being overwhelmed as food insecurity spreads in low-income neighborhoods. “We’re feeding twice as many families but receiving no government support,” said María López, a volunteer in Buenos Aires. Free meal programs now serve 1.2 million people daily – up 30% since December. 🥘📈
While Milei’s “chainsaw approach” to public spending has gained IMF approval, critics argue it’s hitting vulnerable communities hardest. The CGT trade union has organized nationwide protests, with clashes reported between police and demonstrators last week. 📢✊
Economists warn recovery could take years: Annual inflation surpassed 250% in March, and unemployment continues to rise. As global markets watch closely, Argentina’s crisis highlights the high-stakes balance between economic reforms and social stability. 🌐⚖️
