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About a year ago, it looks like Javier Milei’s radical reforms might be working in his favour. Now though, with growth stagnating and inflation ticking back up, we’re taking a look at why the economy have gone into reverse and why things don’t look so rosy for Milei.
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Sources
Economic data
https://tradingeconomics.com/argentina/inflation-rate-mom
https://www.bloomberg.com/news/articles/2026-01-21/argentina-s-economy-shrank-more-than-expected-after-midterm-vote
Milei vs statistical authority
https://www.reuters.com/world/americas/argentina-inflation-data-row-kindles-fears-political-meddling-2026-02-06/
Mining/commodities data
https://markets.chroniclejournal.com/chroniclejournal/article/marketminute-2025-10-14-argentinas-mining-boom-a-record-breaking-year-in-2025-driven-by-lithium-gold-and-silver
https://tradingeconomics.com/argentina/gdp-from-mining
https://tradingeconomics.com/commodity/gold
https://pubs.usgs.gov/periodicals/mcs2024/mcs2024-lithium.pdf
https://tradingeconomics.com/argentina/crude-oil-production
https://www.ft.com/content/6c7e261c-ed2b-4563-9653-42d3007b848f
https://www.ft.com/content/3d5135b8-3e93-40a4-b9ec-d2fe3a67b5e9
Net foreign investment going negative
https://buenosairesherald.com/business/argentina-records-negative-foreign-investment-for-the-first-time-in-over-two-decades
