Economists Cast Doubt on Milei’s Green Shoots in Weary Argentina

President Javier Milei and leading experts are at odds over whether Argentina’s economy has recovered from a recent wobble, highlighting the challenges involved in gauging whether the reformer’s shock therapy policies are working as intended.

Argentina’s economy contracted sharply in February, posting its biggest monthly decline since 2023 as retail and manufacturing continued to struggle. The turbulence followed a dramatic turnaround during which Milei’s administration won over investors with a mix of aggressive fiscal adjustment, deregulation and steps to normalize the country’s monetary and exchange-rate regime.