How is Argentina doing under Milei?

  • Inflation down from 211% to 27%
  • Economic growth from -1.6% to 5.2%
  • Unemployment from 6.4% to 7.9%
  • Poverty rate from 42% to 37%
  • Fiscal deficit from -4.9% to 0.3% of GDP
  • Government spending down around 30%

So inflation down, the deficit is now a surplus, a massive increase in economic growth and only a modest increase in unemployment. Pretty amazing.

Worth remembering that over 100 economists including Thomas Piketty warned that electing Milei would devastate the Argentina economy. Remember that when people quote Piketty.

Comments (33)

Login to comment or vote

Add a Comment