Milei Admires Ireland for an Economic Statistic the Irish Don’t Favor
- Argentine president cites GDP per capita in keynote speech
- Yet that figure is inflated by multinational corporate incomes
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President Javier Milei aspires to reform Argentina’s economy in the way Ireland turned around its fortunes over the past three decades. The Irish see more nuance to their own story.
The libertarian outsider, who swept to power last year, has taken to invoking the European country in his fiery yet frequently academic speeches. While gross domestic product in the crisis-prone South American nation is set to contract 3% this year, it’s expected to rebound strongly into growth in 2025 as Milei’s austerity plan begins to pay off.