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flag Argentina reports lowest inflation in 4.5 years, but faces recession and rising poverty.

flag Argentina saw its lowest monthly inflation rate in 4.5 years at 2.2% in January, down from 84.5% year-on-year, according to official data. flag President Javier Milei attributes this to his austerity program, which includes job cuts and budget reductions. flag While these measures have led to a recession and increased poverty, the government forecasts a GDP growth of 5% for 2025.

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