Argentina achieved the highest YoY growth in over 20 years due to removing all of their regressive socialist programs.
Supply of rental housing jumped nearly 200% and prices dropped 10% as limits on lease terms and rent increases were removed.
Leftards btfo yet again as the free market corrects their mistakes
https://www.newsweek.com/argentinas-javier-milei-keeps-proving-his-critics-wrong-2095695
Argentina's Javier Milei Keeps Proving His Critics Wrong

Argentina seemed destined for another economic collapse: soaring poverty, runaway inflation and dire warnings from economists that President Javier Milei's radical austerity measures would choke growth. Instead, the economy is expanding at a pace few thought possible — leaving Milei's legions of critics scrambling for explanations.

In a stunning reversal, Argentina's economy posted a 7.6 percent year-over-year growth rate in the second quarter of 2025 — its strongest in nearly two decades — fueled by deregulation, sharp cuts to public spending and the loosening of currency controls. Retail sales, manufacturing and finance all surged, helping consumer spending jump nearly 3 percent from the previous quarter.

Since assuming office in December 2023, the firebrand libertarian economist has slashed government expenditures and secured a $20 billion deal with the International Monetary Fund (IMF). His administration promised to dismantle decades of state intervention in favor of free markets — policies that many observers warned would deepen recession and spark social unrest.

Part of the turnaround has been Milei's dismantling of el cepo, the restrictive system of exchange controls first imposed in 2011 that prevented companies from moving profits abroad and limited Argentines' access to dollars.

After he lifted the restrictions, the peso was allowed to float within a managed band, narrowing the gap between official and black-market exchange rates. Reserves at the central bank climbed to their highest level in two years, bolstered by IMF funds, a $5 billion swap line with China and fresh loans from multilateral banks.

Milei also ripped up Argentina's rent-control law in late 2024, removing limits on lease terms and rent increases that had discouraged landlords from renting. Within months, the supply of rental housing in Buenos Aires jumped by 195 percent, according to the city's real estate observatory, and median asking prices fell by about 10 percent as more apartments returned to the market.

Some leftist and socialist organizations, including the Socialist Workers' Party (PTS) and the Workers' Left Front, criticized the move at the time, arguing it favored landlords at the expense of tenants. But the reality has so far borne out the opposite: supply has soared. On Zonaprop, one of Argentina's largest real estate platforms, traditional rental listings surged from about 5,500 before the reform to over 15,300 — a 180 percent increase — with a third of that rise happening in just the first month after deregulation.

"We have the best president in the world," Argentina's economy minister, Luis Caputo, wrote on X as he shared the recent growth figure.

The surge in GDP has defied predictions from financial institutions, including the IMF, that growth would stagnate. On a June 18 panel hosted by the Peterson Institute for International Economics, Harvard economist Carmen Reinhart warned: "What you begin to see is cumulative real appreciation and then the end of the stabilization program with a big depreciation. We've seen this story before in Argentina."

Former IMF official Alejandro Werner acknowledged Milei's fiscal adjustment as "remarkable" but cautioned that its sustainability depends on navigating political risks and avoiding another exchange-rate shock. "The next election might show that he has completed the first phase of consolidating political support for reforms, but the path is risky," Werner said.

The strongest case for optimism has been Milei's success in driving down inflation. In May, consumer prices rose just 1.5 percent — the lowest monthly figure in five years, according to Argentina's national statistics agency. That decline is widely seen as a political and economic turning point.

Still, some economists urge caution. "One has to consider in this disinflation process that we've accumulated a very high inflation rate throughout Milei's term," said Guido Agostinelli, an economist and professor at the University of Buenos Aires, in an interview with Newsweek.

"That was driven both by the money supply inherited from the previous administration and by Milei's own decisions, like the exchange rate adjustment when he took office."

The graft is already settling in and this Javier the mutt guy is hiding his share of the graft in a Swiss bank account. Shits about to hit the fan

>>newsweek.com
>>reputable source
pick one.

>>1418718
Implode for me neo nazi socialist.

>up 7.6%!
>after nosediving 20%
Gullible idiots will call this a win

whenever nazis are losing, for some reason they start yearning for argentina

>>1418740
He successfully dealt with the disastrous effects of the previous administration and turned their economic downtown into an economic boon.

Biggest economic boon in 20 years actually

>>1418747
>wreck the economy with dumb libertarian policies
>Slash budgets and expenditures to give the appearance of growth in the short term
>Claim victory
Let's see if he can keep that growth up using the same short sighted methods as his north american counterpart. He's got a LOOONG way to go to dig Argentina out of the hole he dug.

>>1418748
>He's got a LOOONG way to go to dig Argentina out of the hole he dug.
Anon, Argentina has been in a hole since socialists took them over

>>1418749
And somehow lil millie managed to dig them deeper and faster than his predecessors

>>1418694 (OP)
Thank you, MR PRESIDENT Javier Milei!

Shortsighted, laser focused, by the playbook austerity shock measures, all funded by juicy IMF loans and literal open air money laundering, soon to run out of money again. Tricky stat as well, given last year at this same time was the country's lowest point since the 2001 default.

>>1418750
>lil millie managed to dig them deeper and faster than his predecessors
Highest GDP gain in two decades.
Your lies have no effect here.