Argentina’s Economy Extended Expansion as New IMF Accord Nears
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President Javier Milei oversaw a second straight quarter of growth in Argentina at the end of 2024, boosting his odds of a strong showing in mid-term elections later this year as markets await a new program with the International Monetary Fund.
Gross domestic product expanded 1.4% in the three months through December compared with the previous quarter, better than the 1.3% median estimate of analysts. From a year ago, Argentina’s economy grew 2.1% in the last three months of 2024, according to government data published Wednesday. The median estimate of economists surveyed by Bloomberg was for growth of 1.7%.