INSUBCONTINENT EXCLUSIVE:
revealed.The National Institute of Statistics and Censos reported this marked the third straight month of gains, outpacing the 6% rise in
austerity measures battered the economy after his 2023 election on a radical reform pledge
He slashed spending, cut subsidies, and devalued the peso by 50%, triggering a 1.7% contraction in 2024.Yet, inflation dropped from 25%
monthly in late 2023 to 2.2% in January 2025
Financial services led the charge, jumping 18% year-over-year, while commerce climbed 7.4%, driven by wholesale and retail recovery.Mining
grew 7.3%, and agriculture rebounded 6.7%, boosted by better weather and energy investments
with 6.5% Growth Amid Harsh Austerity
(Photo Internet reproduction)Milei inherited a mess: 200% inflation, 50% poverty, and massive debt crippled Argentina before his arrival
His cuts hit hard, with construction plunging 17.7% and manufacturing falling 9.2% in 2024.Still, a budget surplus emerged in 2024, the
first in over a decade, as exports soared 23.2%
Growth forecasts brightened, with experts predicting a 5% to 6% GDP increase in 2025, fueled by agriculture and energy.The economy
leaders, showcasing resilience amid sacrifice
The story unfolds as a critical election nears, testing this fragile revival.
