“Like a diver’s fart” Argentina’s economy is going to rise, says Javier Milei

2024-05-02 04:28:56

Javier Mileypresident of Argentina, assured that his country’s economy will rise “like a diver’s fart”.

The statement took place during the speech he gave for Freedom Foundationsince the Argentine president came as a special guest to the organization’s annual dinner.

Javier Miley has repeatedly criticized the economic decisions that were taken during the previous four-year periods, which he accused caused severe inflation in the country.

Javier Milei, president of Argentina, at the Freedom Dinner (AFP)

Javier Milei: “Argentina’s economy is going to rise like a diver’s fart”

While participating in an event Freedom FoundationJavier Milei did not let go of his controversial style and launched another curious statement.

And when talking about the inflation that Argentina is going through, he indicated that during his first week in office, in the month of December 2023, this era of 1% daily.

Javier Milei indicated that these inflationary calculations resulted in more than 3500% annuallysomething he pointed out no longer happens.

The South American president said that his critics indicated that could not reach a 0 deficit This year, however, he stated that he is achieving it “despite politics.”

For this reason, Javier Milei assured that now “the economy is going to rise like a diver’s fart”, asserting that the outlook for the country will improve in the coming months.

Despite good wishes, Argentina remains one of the IMF’s largest debtors

In the Market Expectations Survey report (REM), issued by the Central Bank of Argentinawere thrown data and projections what they are not very encouraging for the development and closing of the current year.

The information suggests that at the end of this month of April the Consumer Price Index (IPC) drops to 10.8%, however, the forecast for the Gross Domestic Product (GDP) places it in 3.5% land.

The forecast implies that there will be no changes with respect to a previous review, but it is contemplated a retraction for the first six months of 2024 and a recovery for the remaining months.

In terms of foreign trade in goods, the REM points out that the exports will add 80 thousand 842 million dollarswhile the imports 65 thousand 162 million dollars.

Despite these data, Argentina continues as one of the largest debtors of the International Monetary Fund (IMF)after the organization granted the country nearly 44 billion dollars in previous four-year periods.

Javier Milei, president of Argentina (SOPA Images / SOPA Images/LightRocket via Gett)

2024-05-02 04:28:56