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Argentina announced the start of economic growth

Inflation has slowed and the budget deficit is shrinking

Dec 11, 2024 13:21 153

Argentina announced the start of economic growth  - 1

Argentine's economy has gone through difficult times, the recession has ended and growth has begun. This was stated by the President of the Republic Javier Miley in an address to the nation on the occasion of his first year at the head of the country.

„We passed the test of fire. "We're coming out of the desert: the recession is over, the country is finally starting to grow," Miley noted.

The president of Argentina announced a slowdown in inflation and a reduction in the budget deficit. He emphasized that during the year of his presidency it was possible to solve the problem of debt to importers, as well as to increase the country's gold and foreign exchange reserves. In addition, thanks to the stabilization of the exchange rate situation, according to Miley, the basic salary in the country has increased from 300 USD to 1100 USD.

"That doesn't mean we've hit the ceiling, but it does mean we can end the year with relief, put the worst behind us, and start the next year confident that the future will be brighter. good and better. Happy times are coming to Argentina”, Miley said.