FT News Briefing Javier Milei scores Argentina economy win
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Dec 18, 2024 Argentina has made a remarkable economic comeback, largely credited to President Milei's efforts against inflation. Meanwhile, Microsoft is consolidating its position in AI by buying a staggering number of Nvidia chips. Huawei is pivoting towards the electric vehicle market, forming alliances with established car makers amidst US sanctions. On a lighter note, UK and Irish pubs are facing Guinness shortages just ahead of Christmas festivities, raising eyebrows and concern among beverage enthusiasts.
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Argentina's Economic Recovery
- Argentina's economy exited recession, growing nearly 4% in Q3 2024.
- This milestone is positive for President Javier Milei, who pledged to resolve Argentina's economic crisis.
Milei's Economic Policies
- Milei's policies, including public spending cuts, lowered inflation but increased poverty.
- Economic stabilization has led to a recovery in consumer spending and investment.
KPMG's Growth
- KPMG saw the highest revenue growth among the Big Four accounting firms.
- Investments in technology and training are credited for this success.