Argentina's Shale Boom Collides With 28,000 Business Closures Under Milei

A think tank cited by Reuters found that 28,000 Argentine businesses — 5.5% of the national total — have closed under President Milei's austerity program. Meanwhile, Vaca Muerta shale exports are projected to reach $50 billion by 2031. Reuters framed the contrast as a "growth paradox." Whether energy revenue can offset the contraction is an open question.