The ultra-liberal Javier Milei wants to save Argentina from the economic crisis with unconventional measures.

The ultra-liberal Javier Milei wants to save Argentina from the economic crisis with unconventional measures.

According to a report by amp2.handelsblatt.com,

Argentina is deep in an economic crisis, and the upcoming election could bring a radical change in the country's economic policy. Ultra-liberal economist Javier Milei has a good chance of becoming the new president in the election and is calling for cuts in government spending, the privatization of state-owned companies and the abolition of the central bank. Inflation in Argentina is at 115 percent, which could lead to hyperinflation. Milei's economic program is seen by many as a saving grace, although some experts have doubts about its feasibility.

The radical measures proposed by Javier Milei could have a massive impact on the market and financial sector in Argentina. Reducing government spending and privatizing state-owned enterprises could lead to turmoil and social unrest in the near-term future. The introduction of the US dollar as a means of payment also involves uncertainties and could lead to long-term economic stagnation and high unemployment, as was the case with similar measures in the 1990s. However, the possible reforms could also lead to Argentina regaining access to the international credit market and enabling new economic growth in the long term.

It remains to be seen to what extent Javier Milei's plans can be implemented and what long-term impact they will have on the economy and market in Argentina. The upcoming election and the subsequent economic policy decisions will be crucial for the country's future.