Bloomberg revealed that the Argentine economy grew more than expected

After receiving a country on the brink of collapse, with uncontrolled inflation and an oversized state, President Javier Milei achieved a milestone that seemed impossible: two consecutive quarters of economic growth in 2024.

This way, a recovery is consolidated that excites the markets and strengthens the position of the national government ahead of this year's legislative elections.

According to official figures published this Wednesday, the Gross Domestic Product (GDP) grew by 1.4% in the fourth quarter of 2024 compared to the previous quarter, exceeding analysts' expectations, who projected 1.3%.

In year-on-year terms, the progress is even more solid: the economy expanded by 2.1% in the last three months of the year, above the average estimate of economists surveyed by Bloomberg, who predicted 1.7%.

But the recovery didn't start there. In the third quarter of 2024, Argentina had already surprised with a quarter-on-quarter growth of 4.3%, reversing three consecutive quarters of contraction.

The strength of these numbers confirms that the fiscal adjustment and deregulation policies implemented by Milei's administration not only stabilized the macroeconomy but also laid the foundations for sustained expansion.

Social indicators also show signs of improvement. Since April, wages have begun to outpace inflation, allowing for a recovery of workers' purchasing power.

Meanwhile, employment is registering gradual growth, while private estimates suggest that poverty has begun to decrease after the peak it reached following the economic disaster inherited from Kirchnerism.

The agreement with the IMF

The optimism isn't limited to the present. Today, the Chamber of Deputies approved the new agreement with the International Monetary Fund (IMF), key to strengthening the Central Bank's reserves and advancing in the definitive elimination of capital controls, one of the main obstacles still facing the Argentine economy.

The markets already reflect this confidence in the economic direction. Economists surveyed by the Central Bank of Argentina project a growth of 4.8% in 2025, a number that, if realized, would mean the definitive consolidation of Argentina's takeoff under Milei's management.

In just one year, Argentina has gone from being on the brink of hyperinflation and financial collapse to becoming an expanding economy. Structural reforms are advancing, confidence in the country is returning, and the indicators support what the facts already demonstrate.