Argentina's Economic Crisis Deepens as Inflation Soars and Growth Slows

IMF Lowers Growth Forecast, Poverty Soars to 57%

The International Monetary Fund (IMF) has lowered its 2024 growth outlook for Argentina, projecting a 35 contraction. Poverty now afflicts a staggering 57% of the population.

Inflation Hits 100% in February, Economic Activity Declines

Argentina's economy hit 100% inflation in February, the highest it's been in 32 years. Despite the crisis, economic activity has sharply declined since the end of last year due to a crisis inherited by President Javier Milei.

Inflation Rate Reaches 211.4% in December

Argentina's annual inflation rate reached 211.4% in December, confirming the depth of the economic crisis. The long-running crisis, exacerbated by a global spike in inflation, has sent Argentina's cost of living soaring.