[rogerrogerr]

Is it possible that things have been this bad, and Milei’s policy changes have slowed down the economic decline enough that the poverty line is more accurate?

I’m not an economist, just an engineer. My intuition is that when a system is in freefall, any recovery will cause some metrics to look really bad for a while.

Like when a plane is in a dive, your first steps are to idle the engine, push forward to unload the wings. Then you level the wings and pull up. Is this article saying “Not only are we in a dive, the engine power is going down!”?

[meiraleal]

> Is it possible that things have been this bad, and Milei’s policy changes have slowed down the economic decline enough that the poverty line is more accurate?

Possible? No. But that's the excuse they will give. It works in the first year of a new government but won't work in the second. Argentina is in recession for 5 consecutive trimester. A GDP decline of 2.6% and inflation above 100%.

[nateglims]

I suspect how Milei would frame it is he's focusing on the currency crisis and deficit. If/when that is under control, Argentina will be more attractive to foreign capital or some other mechanism of creating better paying jobs which will alleviate poverty.

I don't think the people quoted in the article are saying the plane is going down, but rather the policies will probably get reversed due to politics.