Argentina Economy Grows Less Than Expected as Imports Surge
Bloomberg4 days
Milei's libertarian economic reforms are delivering spectacular results, with Argentina even outpacing China's growth rate. The 5.8% expansion proves that fiscal discipline and free-market policies work better than the populist disasters of previous administrations. Investment is booming at 31.8% growth, showing business confidence in the new direction.
The economic recovery masks serious structural problems, with unemployment hitting 7.9% and over 115,000 formal jobs lost since Milei took office. Despite GDP growth, workers are suffering from wage cuts and job losses, while the government's austerity measures continue devastating public sector employment.
There's a 75% chance that Javier Milei will be reelected as president of Argentina before January 1, 2028, according to the Metaculus prediction community.