Feb 25 β€’ 18:45 UTC πŸ‡«πŸ‡· France Le Figaro

In Argentina, after two years of shock therapy by Javier Milei, the return of growth

Argentina is experiencing a significant economic growth with a projected GDP increase of 4.4% in 2025 following the shock therapy implemented by President Javier Milei.

Argentina's economic landscape is seeing a revival with a projected GDP growth rate of 4.4% in 2025, marking a recovery after the contraction of 1.8% in 2024. This positive trend is attributed to a combination of factors, including a successful disinflation in the early part of the year and a series of excellent agricultural harvests that have bolstered economic activity. The engagement of the agricultural sector has been particularly crucial, indicating that the country's reliance on agricultural produce remains a significant driver of its economy.

President Javier Milei, who refers to himself as an "anarcho-capitalist," has been vocal about the positive growth figures, taking to social media to celebrate the recovery. He emphasized that these figures would disrupt the narratives of those predicting chaos in Argentina, highlighting a stark contrast to the economic struggles faced prior to his administration. Milei's shock therapy approach upon taking office in December 2023 aimed to reverse rampant inflation and stabilize the economy, and it appears to be yielding results as shown by the recent growth figures.

The implications of this growth are vast, particularly in the political context, as Milei's methods provoke both support and dissent among different segments of the society. While some celebrate the positive momentum in the economy, others criticize the potential social consequences of his aggressive economic policies. This debate will likely shape the future economic and political discourse in Argentina, as stakeholders react to the actual outcomes of Milei’s controversial reforms.

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