Argentina’s poverty rises to 32 percent under Milei with more pain forecast
A 4.1-percentage-point rise in poverty in the first half of 2026 could be bad news for Milei’s re-election bid.
![People sit inside a chapel while waiting for a meal distribution, as soup kitchens, barter clubs and families taking out short-term loans for groceries are exposing the social strains emerging under Argentine President Javier Milei's austerity program, barely a year before Argentina's next presidential election, in Buenos Aires' Villa 31 neighborhood, Argentina, August 28, 2026 [Agustin Marcarian/Reuters]](/wp-content/uploads/2026/09/2026-09-24T111706Z_92623523_RC2R7NAS0BJF_RTRMADP_3_ARGENTINA-ECONOMY-MILEI-1790290200.jpg?resize=770%2C513&quality=80)
A 4.1-percentage-point rise in poverty in the first half of 2026 could be bad news for Milei’s re-election bid.
![People sit inside a chapel while waiting for a meal distribution, as soup kitchens, barter clubs and families taking out short-term loans for groceries are exposing the social strains emerging under Argentine President Javier Milei's austerity program, barely a year before Argentina's next presidential election, in Buenos Aires' Villa 31 neighborhood, Argentina, August 28, 2026 [Agustin Marcarian/Reuters]](/wp-content/uploads/2026/09/2026-09-24T111706Z_92623523_RC2R7NAS0BJF_RTRMADP_3_ARGENTINA-ECONOMY-MILEI-1790290200.jpg?resize=770%2C513&quality=80)




![Pejman and Sanaz [Courtesy of Pejman and Sanaz]](/wp-content/uploads/2026/09/Pejman-and-Sanaz-1-1789901071.jpg?resize=770%2C513&quality=80)

![Women vendors wait for customers at a wholesale spices and dry fruits market, in the old quarters of Delhi, India, January 31, 2024 [Sahiba/ ChawdharyReuters]](/wp-content/uploads/2026/09/2024-01-31T112833Z_177588029_RC2XS5A84N8N_RTRMADP_3_INDIA-BUDGET-1789723433.jpg?resize=770%2C513&quality=80)

Americans on the lower end of the economy are feeling the impact of higher borrowing costs and weaker purchasing power.
Bank of Japan raises benchmark interest rate from 1 to 1.25 percent, pledging to help counter inflation risks.

Rising energy prices are pushing inflation higher again, forcing major central banks to raise interest rates.
India is one of the world’s largest sugar consumers, but usually produces much more.
The unanimous decision comes as prices have remained stubbornly high and despite Trump’s demands for lower rates.
The 25 basis-point hike is the first raise in three years and comes before critical midterm elections in the US.
The 10-year US Treasury yield hit 5.02 percent on Tuesday for the first time since the 2007 global financial crisis.

Protests have erupted in Syria after the government raised fuel prices.
Sweden votes on Sunday as voters weigh migration, crime, the economy and whether the far right will enter government.
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