ARGENTINA TAKES OFF: Economic activity surged 3.5% month-on-month in March, reaching a new all-time high under the Milei administration
Argentina's economic activity registered strong growth of 3.5% in March 2026, according to official data, marking the largest monthly increase in years and a new all-time high during the administration of President Javier Milei. The figure consolidates the country's economic recovery following the fiscal adjustments and structural reforms implemented since December 2023.
- The Argentine economy registered monthly growth of 3.5% in March, according to preliminary data from the National Institute of Statistics and Censuses (INDEC), consolidating a strong recovery and reaching a new historic record under the administration of President Javier Milei. This figure represents the largest monthly increase in economic activity in recent years. years and marks a turning point in the stabilization process that began in December 2023.
- Analysts highlight that the result is due to a combination of fiscal adjustment, inflation control, import liberalization, and increased private sector confidence. Key sectors such as manufacturing, construction, and commerce registered significant expansions, driven by reduced tax pressure and macroeconomic stabilization. Private consumption also showed signs of recovery after months of contraction. The government celebrated the data as validation of its economic model. “This is not by chance. It is the result of doing things right: balancing the books, lowering inflation, and unleashing productive forces,” President Milei stated on his X account.
- Independent economists, although critical in the past, acknowledge the positive impact of the measures. “March’s growth is very solid and shows that the economy is responding to stabilization,” stated an analyst consulted by local media. The Kirchnerist opposition, however, downplayed the figure and attributed it to a “statistical rebound” after the deep recession of 2014. “Milei is celebrating growth on top of a destroyed economy,” stated members of the Union for the Fatherland party. With this result, Argentina has now accumulated several consecutive months of monthly expansion, breaking the trend of stagnation that characterized much of the last decade. The government projects positive year-on-year growth for all of 2026, something that seemed improbable just a year ago.
Photo INDEC
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