Argentina's Economic Turnaround: A Promising Future

Argentina's economy is experiencing strong recovery, with the IMF projecting 5% growth in 2025 and 2026. This rebound follows a predicted 2.8% contraction in 2024. The recovery began in late 2024, driven by rising real wages, according to IMF chief economist Pierre-Olivier Gourinchas.

Argentina is witnessing a significant economic recovery, according to the International Monetary Fund's chief economist, Pierre-Olivier Gourinchas.

The IMF's World Economic Outlook reports a projected 5% growth for the country in 2025 and 2026, following a 2.8% contraction in 2024, consistent with previous forecasts.

The turnaround, which took off in the latter half of 2024, is largely being propelled by increasing real wages, marking a hopeful future for Argentina's economy.

(With inputs from agencies.)