{"id":4333,"date":"2024-12-17T08:15:50","date_gmt":"2024-12-17T08:15:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=4333"},"modified":"2024-12-17T08:15:50","modified_gmt":"2024-12-17T08:15:50","slug":"sp-500-performance-dwarfs-in-comparison-argentinas-merval-has-argentinas-pro-crypto-president-javier-milei-scripted-an-emerging-market-success-story","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=4333","title":{"rendered":"S&amp;P 500 Performance Dwarfs In Comparison Argentina&#8217;s Merval: Has Argentina&#8217;s Pro-Crypto President Javier Milei Scripted An Emerging Market Success Story?"},"content":{"rendered":"<div>\n<p>Argentina\u2019s S&amp;P Merval Index has risen by 162.85% year-to-date, beating the gains in the S&amp;P 500 Index and other <a href=\"https:\/\/www.benzinga.com\/markets\/emerging-markets\">emerging stock market<\/a> indices.<\/p>\n<p><strong>What Happened:<\/strong> S&amp;P Merval\u2019s staggering gain, comes as the country emerged from a severe recession in the third quarter of the current fiscal and amid Argentina\u2019s President<strong> Javier Milei<\/strong>\u2018s plans for cryptocurrency adoption.<\/p>\n<p>The South American country\u2019s GDP grew by 3.9% from July to September compared to the previous quarter, exceeding expectations of 3.4%. However, it shrank 2.1% from the previous year, less than the anticipated 2.6% contraction.<\/p>\n<p>The country endured a recession for three quarters, with over half of the population in poverty, inflation eroding wages, and the labor market losing hundreds of thousands of jobs. Milei&#8217;s austerity measures deepened the downturn, especially with cuts to public spending and infrastructure projects, a key source of employment.<\/p>\n<p>Additionally, regulators from El Salvador and Argentina &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/government\/regulations\/24\/12\/42523872\/sp-500-performance-dwarfs-in-comparison-argentinas-merval-has-argentinas-pro-crypto-presid\" alt=\"S&amp;P\" performance dwarfs in comparison argentina merval: has pro-crypto president javier milei scripted an emerging market success story>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Argentina\u2019s S&amp;P Merval Index has risen by 162.85% year-to-date, beating the gains in the S&amp;P 500 Index and other emerging stock market indices. What Happened: S&amp;P Merval\u2019s staggering gain, comes as the country emerged from a severe recession in the third quarter of the current fiscal and amid Argentina\u2019s President Javier Milei\u2018s plans for cryptocurrency [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-4333","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4333"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/4333\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}