Argentina Exits Recession: Have Milei’s Reforms Worked?

It’s too early to tell. I think everyone underestimates how big the the pile of problems that Argentina has.

Argentina is so confusing, it's like opposite things are happening all at once

It's one month's data. At least wait a quarter before you declare if it's a success or not

Seems like Argentina is in a perpetual loop of reliving the year 2024

The irony of starting your Brilliant sponsorship with “… the TLDR team spends more and more time analysing data” when your first graph goes from 2024 to 2024…

The chart in the beginning says Jan 2024 twice, lol

More than 50 years of total economic malpractices, that are quoted in economic schools all over the world as an example of how NOT to... TLDR every week: "is it fixed yet"

5:04 it's amazing Argentina was able to relive January 2024 twice!

The first chart is pretty unconvincing. Just look at the chart, it has a lot of volatility, and Argentina had this "accomplishment", even stronger, in July 2023. I am not saying there is no growth, I am saying that this metric seems to be way too volatile to deduce that the economy has changed significantly. if you look at all the data, you can see that its pretty normal behaviour. Lets see what the future brings.

We need to wait 1-5 years to get a idea of how it's going.

I think you totally misrepresented the data here. You are talking about a monthly economic activity indicator (EMAE) that Argentina's Statistics Institute calculates, not GDP. GDP is usually calculated quarterly. Looking at historical data, the increases of the EMAE right now don't seem special.

Just a small FYI, that 1 peso bill in the video is from the 70's, we have been through a couple of different currencies since that time (at least 4 from the top of my mind). Right now the currency is called pesos again, with the international code ARS (which is different than the one showed here). And the bill that you will most likely have in your pocket would be 100 pesos, for which there are like 3 different designs currently on the streets

Just as it was to the previous "crisis" under his reforms, this too is too early to tell.

This video and the data used are misleading at beast. For all we know he might be improving Argentina, but no numbers have shown it yet. The economy is still at 2021 pandemic lows, poverty at record highs, unemployment still rising and inflation, while deacelerating, is still very high.

The video missed the fact that the inflation since milei devaluation in december has already made it irrelevant for exports. The current oficial dolar rate is virtualy lower than before, even before massa election devaluation, making exports hardly competitive. Thats why, even with the agro back to normal, their exports are not happening, and the central bank did no grew the reserves the past two months, which normaly are the strongest. Local economist are expecting a devaluation soon, because without the extra dólars from the comercial superávit we wont be able to pay debts.

When someone becomes rich, a lot of things change. Lifestyle upgrades, new social circles, and different financial responsibilities are just the beginning.

poverty increased, wages dropped 40%, gdp contracted 20%, devalued local currency, and most argentinians cannot and will never have access to us dollars. but i guess its good that inflation is only like 5% after being 300%

There's four types of economies:developed, developing, Japan and Argentina

What's this? This is not even in the news in Argentina...

Interesting how many seem to want Milei to succeed or fail based on their own political views.