Argentina Economy Grows Less Than Expected as Imports Surge
Bloomberg4 days
Javier Milei's economic reforms are delivering spectacular results, with Argentina even outpacing China's growth rate. This 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.
This GDP growth is actually below forecasts, and does little to help Argentina to tackle its serious structural problems — tens of thousands of formal jobs have been lost since Milei took office and austerity measures have frozen wages and devastated the public sector. If the economy pick-up but fails to seep through job market, then only a few will benefit from it.
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.