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Snapshot 4:Wed, Jun 25, 2025 8:00:23 PM GMT last edited by JoseMoura

Argentina's GDP Grows 5.8% in Q1

Argentina's Q1 GDP Grows 5.8% in Q1

Above: Argentine Economy Minister Luis Caputo and Argentine President Javier Milei on April 14, 2025. Image credit: *** GETTY *** Juan Mabromata/AFP via Getty Images

The Spin

Javier Milei's libertarian economic reforms are delivering spectacular results, with Argentina even outpacing China's growth rate. TheThis 5.8%Q1 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.

TheThis economicGDP recoverygrowth masksis actually below forecasts, and does little to help Argentina to tackle its serious structural problems, with unemploymenttens hittingof 7.9%thousands andof over 115,000 formal jobs have been lost since Milei took office. Despiteand GDPausterity growth,measures workershave arefrozen sufferingwages fromand wagedevastated cutsthe andpublic sector. If the economy pick-up fails to seep through job lossesmarket, whilethen theonly government'sa austerityfew measureswill continuebenefit devastatingfrom public sector employmentit.

Metaculus Prediction

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.


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All rights reserved.

Version 6.18.0