Argentina’s Recession Ends: Milei’s Austerity Measures Yield Economic Growth
Argentina’s GDP unexpectedly grew by 3.9% in the third quarter, avoiding a recession and providing a boost to President Milei’s austerity measures implemented during his first year in office. While these measures have led to poverty rates exceeding 50%, the positive GDP growth suggests a potential turnaround. However, BBVA analysts highlight ongoing risks, including potential loss of political or market support and the performance of the agricultural sector. Despite these risks, the bank projects robust economic growth for Argentina in the coming years.
John Q. Hosedrinker