Argentina’s economy showed robust growth in December, according to the latest report from the National Institute of Statistics (INDEC), reflecting the impact of Javier Milei’s economic policies.

Key Highlights from the INDEC Report:

• 📈 Year-on-Year Growth: The Estimator of Monthly Economic Activity (EMAE) reported a 5.5% increase compared to December 2023.
• 🔼 Month-on-Month Growth: Economic activity also rose by 0.5% compared to November 2024, signaling a steady recovery trend.
• 📊 Sectoral Performance:
  • Financial Intermediation led the surge with an 18% year-on-year increase.
  • Wholesale and Retail Trade grew by 7.4%.
  • Manufacturing Industry expanded by 6.7%, continuing its positive momentum.

Economic Context and Analysis:

• Despite undergoing one of the most significant economic adjustments in Argentina’s history, the overall economy contracted by only 1.8% in 2024.
• This late-year uptick is attributed to stabilization measures and an improving business climate, supporting the government’s narrative of economic freedom and market-driven growth.

Outlook for 2025:

• The positive trend in the final quarter of 2024 lays a foundation for potential growth in 2025, as Milei’s economic reforms continue to reshape the Argentine economic landscape.

This data reinforces optimism for a sustained recovery under the current administration’s libertarian economic agenda.