Argentina’s Economy Surges Ahead of Expectations in Q4 2024
Picture this: Argentina’s GDP strolls into the fourth quarter with a swagger, nudging up by 1.4 % from the previous quarter, 2.1 % year‑on‑year, and an annualized 5.7 % that has guessers scrambling for the answer. No one saw it coming—market analysts were expecting a leaner performance.
Reaching Beyond the Anticipated Bump‑Up
- Whole‑year contraction shrinks to just 1.7 %—well below the initially projected 3 %.
- Despite the austerity push from President Javier Milei, the economy is doing more than it did before his arrival.
- Public‑spending cuts, though still heavy on some sectors, weren’t the economic “thunderstorm” feared last year.
Key Drivers of the Momentum
- Foreign Trade: Imports jump by 12.9 % thanks to a boost in domestic demand and better real wages, while exports climb 7.7 %—a golden ticket for growth.
- Fixed Capital Investment: Back from a 10 % dip, it surges with 11.3 % this quarter—so the factories and roads are getting a second wind.
- Private Consumption: Wakes up with a 3.2 % lift, signaling confidence returns.
- Agriculture: The sector revives from the 2023 drought, shooting up 31.3 %—an agricultural miracle that propels GDP up the hill.
From Collapse to Comeback?
The numbers tell a classic V‑shaped rebound: the economy’s shaky start in early 2024 crumbles into a rebound fueled by consumption, investments, and a green‑gold economy. If this pep‑talk keeps rolling, Argentina could lock in a sustained revival by 2025.
Stay Tuned & Subscribe
Want real‑time updates on this story? Subscribe now to catch every headline straight to your device.
