Milei's series of austerity measures has been brutal. Unemployment has climbed, economic activity has declined and poverty has surged. But now signs have emerged that Argentina’s bizarre and long mismanaged economy is starting to look a little more normal.

President Javier Milei’s first year saw a sharp decrease in inflation and a stronger peso as he implemented sweeping government cuts. Even as unemployment and poverty have surged, his approval rating still hovers around 50%.

BUENOS AIRES (Reuters) - Argentina's libertarian President Javier Milei laid out a bleak vision in his maiden speech a year ago amid an economic crisis. He warned there was "no money", pledged shock therapy for the economy and said things would get worse before they got better.