Argentina's Economy Shows Signs of Recovery
Government Spending Cuts Lead to Fiscal Surplus
Growth Forecast for 2025
Argentina's economy is showing signs of recovery, with the government achieving a primary fiscal surplus of 1.1% of GDP in the first five months of 2024. This is the first surplus since 2008 and is due in part to a sharp reduction in public spending. The government has also been promoting economic growth through measures such as tax cuts and infrastructure investment. Looking ahead to 2025, economists forecast a robust economic recovery on the back of a more supportive business environment.
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