Part 3/10:
This week marked a pivotal moment: Argentina announced a staggering 54% devaluation of its national currency. Such a drastic action aims to make Argentine exports more competitive on the global stage by making them cheaper for foreign buyers. The government also announced significant austerity measures, including suspending all public works projects and cutting subsidies on transportation and social programs. These actions are part of a broader effort to reduce public spending and restore fiscal discipline.