Argentina’s economy expanded more than anticipated in April as President Javier Milei implemented measures to ease certain currency controls within a $20 billion accord with the International Monetary Fund.
Economic activity increased by 1.9% in April compared to March, exceeding the median forecast of 0.3% from analysts polled by Bloomberg. On a year-over-year basis, economic activity grew by 7.7% in April, also outpacing expectations, according to government data released on Monday.
— news from Bloomberg.com
— News Original —
Argentina Grew More Than Expected After Milei Lifts Controls
Argentina’s economy grew more than expected in April as President Javier Milei loosened some currency controls as part of a $20 billion agreement with the International Monetary Fund. n nEconomic activity rose 1.9% in April from March, compared with the median estimate of 0.3% of analysts surveyed by Bloomberg. From a year ago, activity rose 7.7% in April, also surpassing expectations, according to government data published Monday.