Poverty in Argentina

Argentina’s Poverty Rate Falls to 36.8%, Sparking Debate

Argentina’s poverty rate, peaking at 52.9 percent in the first half of 2024, has shown improvement, according to various reports. Estimates place the rate as low as 36.8 percent by year’s end, driven by decreased inflation and wage recovery. However, experts caution against complacency, citing a worsening of scarcity and the risk of entrenched poverty amongst low-income groups. While differing methodologies yield slightly varying results, all reports indicate a significant decrease in poverty from its recent peak. The official figures will be released in mid-March.

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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.

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