world-economy

Argentina's Economy Stages Surprise Rebound in March

Argentina's economic output expanded substantially more than forecast in March, marking a sharp turnaround from February's contraction and providing President Javier Milei with a policy victory. The rebound reflects stabilization efforts following earlier economic volatility. Inflation also decelerated for the first time in 11 months, signaling progress on price pressures that had accelerated following an Iran war-related oil shock. However, economists remain cautious about the sustainability of the gains, questioning whether the administration's structural reforms are generating durable growth or merely temporary relief. The divergence between official confidence and expert skepticism underscores uncertainty about Argentina's economic trajectory.