Argentina’s economy is shrinking as the president’s spending cuts hit home

People are struggling as the country heads toward a recession, creating a big test for President Milei’s leadership.

Argentina’s economy is in a bad spot. Things are getting more expensive, and businesses are struggling. Because of this, the country is sliding toward a recession. A recession is what we call it when the economy shrinks and life gets much harder for normal people. President Javier Milei has been making huge cuts to government spending. He calls this "austerity." It is his way of trying to fix the country's long-term money problems. He wants to stop the government from spending more than it makes. However, these cuts are hurting everyday citizens right now. Many people are finding it hard t…