Argentina's Oil Wealth Rises as Thousands of Shops Shut

A think tank cited by Reuters found that 28,000 Argentine businesses — 5.5% of the country's total — have closed under President Milei's spending cuts. Meanwhile, sales from Argentina's Vaca Muerta shale oil fields are projected to reach $50 billion by 2031. Reuters called the contrast a "growth paradox." Whether oil money can offset the closures remains an open question.