Politics09.04.2026
Javier Milei’s Economic Miracle: How Argentina Emerged from Crisis in 2 Years
Argentina has made a major leap, achieving a budget surplus and GDP growth for the first time in 14 years
Argentina, until recently on the brink of economic collapse, is demonstrating one of the most impressive turnarounds in modern Latin American history. In just over two years, President Javier Milei has transformed a country with hyperinflation, chronic deficits, and mass poverty into a state that has returned to a budget surplus for the first time in 14 years and confidently exited recession.
Inflation dropped from 300% to 33%.
Debt-to-GDP ratio from 155% to 70%.
Reached a budget surplus of 1.8% of GDP for the first time in 14 years.
Poverty level fell from 42% to 28.2%.
Exited recession from -1.6% to 5.2% growth.
