BIG CUTS WORK:
JP Morgan has raised its estimate of Argentina’s GDP growth in the third quarter to 8.5%, one of the highest in the world.
JP Morgan is citing optimism around recent reforms by President Milei as the reason for such rapid growth.
— Visegrád 24 (@visegrad24) November 22, 2024
Growth, way up — inflation, slayed.
Inflation in Argentina stood at 25.5% when Milei came into office on December 10th last year. Since then:
January: 20.6%
February: 13.9%
March: 11%
April : 8 ,8%
May: 4.2%
June: 4.6%
July: 4%
August: 4.2%
September: 3.5%The figure for October just came in – 2.7% pic.twitter.com/STM9SfBf0Y
— Visegrád 24 (@visegrad24) November 21, 2024
I’m sure the DOGE boys are paying attention.