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Argentina President Milei implements radical economic reforms
āgēntíng zǒngtǒng mǐ lái tuīxíng jījìn jīngjì gǎigé
阿根廷总统米莱推行激进经济改革
。

Argentina new president Javier Milei pursued radical free market reforms
āgēntíng xīn zǒngtǒng hāwéiěr mǐ lái tuīxíng jījìn de zìyóu shìchǎng gǎigé
阿根廷新总统哈维尔米莱推行激进的自由市场改革
。

December 10, 2023 at 2:00 PM

Javier Milei was elected Argentina president in December 2023
hāwéiěr mǐ lái zài èr líng èr sān nián shíèr yuè dāngxuǎn āgēntíng zǒngtǒng
哈维尔米莱在二零二三年十二月当选阿根廷总统
。
the radical nature of his economic reform plan attracted market attention
tā tuīxíng de jīngjì gǎigé fāngan zhī jījìn lìng shìchǎng zhǔmù
他推行的经济改革方案之激进令市场瞩目
。
on his first day he announced 54 percent peso devaluation
shàngtái shǒu rì jí xuānbù písuǒ biǎnzhí bǎi fēn zhī wǔ shí sì
上台首日即宣布披索贬值百分之五十四
。
this marked the beginning of his aggressive fiscal austerity policy
cǐ jǔ chéngwéi tā tuīxíng jījìn cáizhèng jǐnsuō zhèngcè de kāiduān
此举成为他推行激进财政紧缩政策的开端
。
the Milei government subsequently eliminated 30000 government positions
mǐ lái zhèngfǔ suíhòu jiěchú sānwàn ge gōngwùyuán zhíwèi
米莱政府随后解除三万个公务员职位
。
he also closed half of the government ministries
tā háishi guānbìle yībàn yǐshàng de zhèngfǔ bùmén
他还关闭了一半以上的政府部门
。
these measures represented extreme adherence to free market principles
zhè yī xìliè cuòshī dàibiǎo zhe duì zìyóu shìchǎng yuánnǔ de jíduān jiànxíng
这一系列措施代表着对自由市场原则的极端践行
。
inflation initially surged to 25 percent monthly
duǎnqī nèi tōngzhàng lǜ céng piāoshēng zhì yuèdù bǎi fēn zhī èr shí wǔ
短期内通胀率曾飙升至月度百分之二十五
。
however
ránér
然而
，
by 2024 inflation had fallen to relatively moderate levels
dào èr líng èr sì nián tōngzhàng lǜ yǐ xiàjiàng zhì xiāngduì wēnhuó shuǐpíng
到二零二四年通胀率已下降至相对温和水平
。
Milei shock therapy sparked intense international economic debate
mǐ lái de jījìn shìyàn yǐnfā le guójì jīngjìxuéjiè de règuòliè tǎolùn
米莱的激进实验引发了国际经济学界的热烈讨论
。

New Words

jīngjì
经济
economic
gǎigé
改革
reform
jījìn
激进
radical
shìchǎng
市场
market
xuānbù
宣布
announce
zhèngcè
政策
policy
tōngzhàng
通胀
inflation
zhèngfǔ
政府
government
cuòshī
措施
measures
xiàjiàng
下降
decline

News in English

Business

Argentina President Milei Pursues Economic Shock Therapy

President Javier Milei implemented shock therapy including 54 percent peso devaluation, cut 30000 jobs, and eliminated half of ministries in December 2023.

Javier Milei was elected Argentina president in December 2023. The radical nature of his economic reform plan attracted market attention. On his first day he announced 54 percent peso devaluation. This marked the beginning of his aggressive fiscal austerity policy. The Milei government subsequently eliminated 30000 government positions. He also closed half of the government ministries. These measures represented extreme adherence to free market principles. Inflation initially surged to 25 percent monthly. However, by 2024 inflation had fallen to relatively moderate levels. Milei shock therapy sparked intense international economic debate.

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