In an economy that just a year ago was struggling to survive hyperinflation, chronic deficit, and a recession induced by decades of statism, the results of Javier Milei's economic management continue to stand out with compelling numbers.
A recent report by Econométrica projects that the Argentine economy grew by 7.6% year-on-year in the second quarter of 2025, thus consolidating a recovery that no one dares to dispute anymore.
This sign of sustained reactivation is joined by the preview of the 2026 Budget Bill, which the Executive Branch submitted to the National Congress. In it, it is estimated that the Gross Domestic Product (GDP) will grow by 5.2% throughout 2025, accompanied by a practically stable dollar and year-on-year inflation below 23%.
Exchange rate stability: dollar fixed at $1,229
One of the clearest signs of the success of the libertarian economic program is the stability of the official exchange rate. The 2026 Budget foresees that the official dollar will close the year at $1,229, a value almost identical to the current one, which suggests that no sharp devaluations are expected for the remainder of the year.
Moreover, the Government anticipates an appreciation of the real exchange rate, with a 8.6% year-on-year drop in bilateral terms, a phenomenon that reflects both the slowdown in inflation and the return of confidence in the peso.
Inflation in decline
Another key data point confirming the economic direction is the deceleration of inflation. According to official estimates, the Executive Branch foresees that year-on-year inflation in December 2025 will be 22.7%, a sharp decrease compared to the cumulative figure for the first five months of the year, which totaled 13.3%.
