Argentina Exits Recession: Have Milei’s Reforms Worked?

In May, Argentina's economy grew for the first time since Milei took office in December, but the real picture might not be as rosy. So in this video, we'll take a look at what this means for Milei's radical economic plans and what it means going forward.

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[mkvenner]

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

[JamesRoyceDawson]

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

[dragonfire]

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

[l-dog]

Its insane to expect a recovery in 6-7 months. Economies dont turn around that fast. This is the type of thing that happens over years and decades.

[jurgbalt]

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"

[lexkoal]

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

[mateuszmazurek]

In Poland we needed 20 years to get full benefits of the extreme free market reform and they were clearly positive.

[Dave_East]

It's sad how difficult things have become in this recessive economy. I was wondering how to utilize some money I had. I used some of it for e-commerce business, but that sank. I'm thinking of how to protect my $150K-worth stock portfolio from decline, but haven't figured which way to go.

[zoetje]

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…

[jerrycampbell-utyf]

This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.

[AMDFan-sy]

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

[Jakekhalid]

There are many other interesting business and stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire..

[noctarin]

The chart in the beginning says Jan 2024 twice, lol

[Mikketamakulo]

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

[bonner-qvmi]

Great video, The first $100, 000 invested was amazing. But when you hit $300, 000 it’s like smashing the glass ceiling! I cried.

[WellWisdom.]

Dude, give the guy some time. Crashing a car takes no time and any idiot can do it, fixing said car in the other hand....

[noneofyourbusiness]

Stop focusing on raw GDP alone. Tell us about the changes in purchasing power per capita and inequality.

[sitrilko]

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

[tachy]

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

[matthiasm]

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.