Argentina’s economy likely contracted by 2.8 percent last year but will grow substantially this year, the World Bank predicted. “Argentina began to recover in the second half of the year, supported by gains in agriculture and mining. Inflation remained somewhat persistent toward the second half of the year, with food prices rebounding and core inflation increasing slightly,”. After two years of recession, President Javier Milei’s government will oversee a significant growth of approximately five percent in gross domestic product this year, followed by a further 4.7 percent in 2026, the global institution predicted.
January 17, 2025
SOURCE: BUENOS AIRES TIMES
World Bank forecasts 5% growth for Argentina in 2025