argentina's economy under milei shows mixed signals: inflation hit a 3-year low of 2.7% in october thanks to austerity cuts, but recession deepened with gdp contracting 3.9% yoy, public spending slashed, and poverty at 53%. us offered a $20bn currency swap lifeline to prop up the peso amid investor flight and midterm election nerves, while critics slam it for favoring foreign interests over locals. rebound projected for 2025 with 5% growth, but risks loom from political instability.

ap news

https://apnews.com/article/argentina-inflation-milei-economy-21560cec4fd473a95155adf06ca46c4a

the guardian

https://www.theguardian.com/world/2025/oct/07/javier-milei-argentina-economy

reuters

https://www.reuters.com/world/americas/us-purchased-argentine-pesos-after-top-finance-officials-meeting-bessent-says-2025-10-09/

focus economics

https://www.focus-economics.com/blog/argentina-economy-under-milei/