Milei’s Revamp Offers CEOs a Hint of Optimism on Argentina
- Executives say it’s already easier to operate in the country
- Companies optimistic on economy, but hesitant on investments
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In the early days of Javier Milei’s presidency, Volkswagen AG’s South America chief wasn’t too happy with him. Now he’s part of a chorus of business leaders feeling encouraged about Argentina for the first time in years.
Milei’s move to devalue the peso after taking office last December, followed by aggressive austerity measures, was badly-needed medicine that dragged the economy into recession.