Argentina's economy contracted by 1.7% in 2024 due to a severe drought and initial impacts of a macroeconomic stabilization program launched in early 2024. However, recovery began in the second half of 2024, with GDP recovering its 2023 levels by January 2025.

In December 2023, President Milei's administration launched a program to pursue strong fiscal and external deficit correction, price realignment, and monetary rebalancing. Initial results include a national government fiscal surplus and a significant drop in monthly inflation from 25.5% (December 2023) to 2.4%. Country risk decreased from 2,500 to 700-800 basis points by early 2025, while social protection for vulnerable sectors increased.

A 5.5% economic growth is projected for 2025, driven by stable macroeconomics, energy investments, and a strong performance of the agro-industrial sector. In April 2025, Argentina initiated an Extended Fund Facility (EFF) program with the International Monetary Fund, receiving an initial $12 billion in disbursements. The World Bank also provided $1.5 billion in budget support. These funds support further stabilization, expansion of protection for vulnerable populations, and the promotion of trade and private sector investments. This is part of a broader international effort to foster long-term growth and employment.