Milei Projects Argentina Inflation Plunging to 18% by End-2025
- Milei’s budget plan sees triple-digit price rises waning fast
- Administration expects economy to grow by 5% next year
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Argentine President Javier Milei expects inflation to collapse next year while the economy recovers more than expected from a recession exacerbated by his historic austerity campaign.
Milei’s administration estimates annual inflation, currently more than 236%, will slow to 104.4% by the end of this year and 18.3% by December 2025, according to his first budget proposal. The president expects Argentina’s economy to grow 5% next year, above the 3.5% forecast by analysts surveyed by the central bank.