Argentina’s economy is growing beyond expectations | Semafor
The economy surged for the first time since President Javier Milei took office, but poverty rates have risen.
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Argentina’s economy is growing beyond expectations
Argentina’s economy has surged for the first time since wildcard President Javier Milei took office. Economic activity in the country was up 1.3% from April, Bloomberg reported, well above analyst estimates. Recorded inflation was at 4.6% in June, down from 25.5% at the end of 2023.
Argentina has the worst projected economic growth of any major economy this year, The International Monetary Fund noted, but the country is projected to rebound in 2025.
Milei was elected on pledges to turn around Argentina’s economic woes, and has enacted harsh spending cuts in an attempt to rein in inflation.