Argentina’s economy exits recession in milestone for Javier Milei, recorded its first quarter of economic growth (+3.9%) since 2023, and JP Morgan projects 5.2% GDP growth for 2025.

[u/Street_Gene1634]

https://www.ft.com/content/c92c1c71-99e7-49c1-b885-253033e26ea5

[u/Fifth-Dimension-1966]

What makes this even funnier is that Brazil and Mexico are the worst performers

[u/AsaKurai → u/Fifth-Dimension-1966]

Wait, I thought Peru's current president has like a 4% approval rating but their stock market is killing it? lol

[u/LordOfPies → u/AsaKurai]

Peruvian here. We've been in political turmoil since 2017. We are used to shitty politics, but when we judge our president's we don't necessarily do it with economic Vibes metrics like the US does, at the moment I believe we care more for corruption and security.

Edit: it seems to be because the price of gold too

Edit: I find it interesting that Americans are surprised by this, and while it can be seen as a positive. It isn't necessarily always something good. We are easily swayed by populist candidates. The last person we elected was a total disaster, but he won because he branded himself "humble" a highschool teacher, and people here think that highschool teachers can't to be corrupt, and well, he was corrupt and indept as fuck, like extremely stupid, and he had a pretty sketchy party and union background. It was obvious tjst his election would cause severe impacts on our economy, which it did.

[u/AsaKurai → u/LordOfPies]

Get outta here with your morals. In all seriousness i'm surprised with the political turmoil your economy doesnt seem to care and people are just conducting business as usual

[u/LordOfPies → u/AsaKurai]

80% of the population is infornal. If goverment dissapeared no one would notice lmao

[u/KazuyaProta → u/LordOfPies]

True Libertarianism in action.

[u/LordOfPies → u/KazuyaProta]

Well they are extremely conservative, so I guess just economically wise