Javier Milei

April 18Apr 18

6 hours ago, VanHammersly said:

And all you will get from @Procus is crickets, right, little fella? F'ing ball-less twerp hahahahaha

April 18Apr 18

Javier Milei’s inflation ‘miracle’ in Argentina is a warning to the world, not a blueprint https://share.google/NUeHmdn2ToQ5tR8Ws

"Real wages have been crushed so hard that demand for Argentine goods has evaporated. If a manufacturer is only using a third of its machinery because nobody can afford their goods, they lose their ability to put up prices, and inflation rates stop rising.

By drastically reducing demand, Milei has not solved the inflation puzzle. He has simply removed some of the pieces, by making the population too poor to participate in the Argentine economy.

On top of this, the fear of mass unemployment means workers have no choice but to accept an ever smaller share of the nation’s economic pie. Again, low wages serve to prevent the upward spiral of prices.

So the supposed victory over inflation is actually the institutionalisation of lower wages and a lower standard of living for most people"

This is the America Trumplikins like @Procus want

April 19Apr 19

Author

Sorry to burst your bubble boys, but economics is clearly not your strong suit. But hey, Van found a tweet from a Communist publication that dissed him, so it must be true, right?

https://x.com/i/grok/share/72da8aefdcc349d7ab5b3e9797eceb35

The Argentine economy is in a phase of stabilization and modest recovery as of April 2026, following President Javier Milei’s aggressive austerity and pro-market reforms since late 2023. Inflation has plummeted from hyperinflationary levels (over 200% annually in 2023–early 2024) to around 30–33% year-over-year, a fiscal surplus has been achieved, and GDP rebounded strongly in 2025 after a deep 2024 recession. However, the recovery remains uneven and fragile: growth has slowed in early 2026, disinflation has stalled somewhat, unemployment has ticked up, domestic demand is weak, and international reserves are still a vulnerability amid sizable debt payments.

reuters.com +1

Key Economic Indicators (Latest Available)

GDP Growth: Argentina’s economy expanded 4.4% in 2025 (full year), driven by a rebound in private consumption, investment, and exports. Activity slowed in early 2026, with the monthly economic activity estimator (EMAE) showing just +1.9% year-over-year in January (down from +3.3% in December 2025). Quarterly GDP growth was +0.6% in Q4 2025 (annual +2.1%). Consensus forecasts for full-year 2026 are around 3.0–4.0% (Reuters poll: 3.0%; IMF and others in the 3.5–4% range; government target of 5% is widely seen as optimistic).
riotimesonline.com +1
Inflation: Dramatic progress, but momentum has slowed. March 2026 CPI was +3.4% month-on-month and +32.6% year-over-year (down from +33.1% in February). Monthly readings have hovered around 2.9–3.4% recently, above earlier targets. Reuters poll (April 13, 2026) sees full-year 2026 inflation averaging ~30% (a nine-year low, though revised upward from 25% due to oil shocks and inertia). This is still the highest in the G20 but a huge improvement from prior chaos.
reuters.com +1
Unemployment: Rose to 7.5% in Q4 2025 (from 6.6% in Q3 2025 and 6.4% a year earlier). Labor markets remain sluggish, with informal employment near 40%.
tradingeconomics.com
Poverty: Significant decline from a peak of ~53% in H1 2024 to around 28% in H2 2025 (lowest since 2018), aided by falling inflation. Extreme poverty also dropped sharply.
riotimesonline.com
Fiscal Position: Primary surplus of ~1.4% of GDP in 2025 (14 consecutive months of surplus after eliminating a large deficit). On track to maintain a surplus in 2026 through continued spending restraint.
riotimesonline.com
Reserves & Currency: Central bank foreign reserves ~$32.7 billion (March 2026). A new exchange-rate band system began in January 2026 (bands adjust monthly with inflation) to build reserves gradually. The peso traded around 1,365 ARS/USD in April 2026. Net reserves remain relatively low, with risks from ~$20 billion in debt maturities in 2026.
tradingeconomics.com

Drivers of the Current SituationGrowth is export- and investment-led rather than broad-based:

Booming Vaca Muerta shale oil/gas production (record levels, net energy exporter).
Strong agriculture (e.g., +25% in early 2026 data) and mining/lithium.
Milei’s RIGI investment incentive regime has attracted billions in commitments.
Labor reform (passed February 2026) and other deregulation aim to boost formal jobs and investment.
riotimesonline.com

Milei’s "shock therapy” (sharp spending cuts, subsidy removal, central bank independence) delivered quick wins on inflation and the fiscal deficit but caused a painful 2024 recession. Midterm election gains in October 2025 have given his coalition more legislative room, and external support (e.g., IMF program, U.S. ties) has helped.

reuters.com

Challenges and Risks

Uneven recovery: Export sectors (energy, commodities) are thriving; domestic consumption, retail, manufacturing, and construction lag. Real wages and living standards have not fully recovered for many urban workers.
theconversation.com
Inflation stickiness: Services, relative price adjustments, and external shocks (e.g., oil prices) have slowed disinflation. Monthly inflation remains elevated.
Reserves and external vulnerabilities: Debt payments and the need to accumulate reserves could pressure the peso or require further tightening.
Labor market and social costs: Higher unemployment and slow job creation in non-export sectors.
Political/implementation risks: While Milei has momentum, sustaining reforms and building reserves will require ongoing IMF compliance and coalition-building.

Outlook: Most analysts see continued moderate growth and further (if uneven) disinflation in 2026–2027, with Argentina outperforming much of Latin America if reforms hold and commodity prices cooperate. The "miracle” narrative around inflation control is real, but the broader recovery is still incomplete and export-dependent. Risks of renewed volatility remain if reserves falter or external shocks intensify.

reuters.com

In short, Argentina has made impressive macroeconomic strides since 2023—far better than the pre-Milei trajectory—but everyday economic conditions for many citizens remain challenging, with the full benefits of stabilization still materializing unevenly. For the latest official data, check INDEC or the Central Bank.