Argentina’s beleaguered economy is set to rebound in 2025 after two years of recession as the government tries to spark a private sector-driven recovery with its “chainsaw” plan to shrink the size of the state, a Reuters poll showed. Household spending is expected to pick up thanks to a fall in inflation induced by President Javier Milei’s austerity steps. At the same time, exports and investment are likely to rebound as a web of regulation is unwound.Energy investments could reach up to $15 billion in 2025 and $16.5 billion in 2026, due in part to a deregulation push.In the poll, average inflation is seen collapsing to 53% next year from a dizzying 222% clip in 2024.
October 22, 2024
SOURCE: YAHOO FINANCE
MORE COVERAGE:
Argentina’s beleaguered economy set to rebound in 2025: Reuters poll