Argentina has come out of a deep recession in a major victory for the country’s unorthodox President Javier Milei, who has spent the past year enacting sweeping — and painful — reforms in Latin America’s third-largest economy.
Last trimester’s GDP growth is almost at the point of significance. In the last chart, I’d wait until either we get a point over the blue line or we have a few more points over the dotted line before doing a victory lap.
In case anyone wants to look at the data: https://www.indec.gob.ar/ftp/cuadros/economia/sh_oferta_demanda_desest_12_24.xls
Here’s the data on an XMR chart (excluding the pandemic)
And here’s the last section with the downward trend removed.
Last trimester’s GDP growth is almost at the point of significance. In the last chart, I’d wait until either we get a point over the blue line or we have a few more points over the dotted line before doing a victory lap.