Posted 20/03/2025 19:43
Argentina registered the shrink of its economy by scoring – 1.7% of Gross Domestic Product (GDP) in 2024. Data from the National Institute of Statistics and Census (INDEC), released on Wednesday (19), show that President Javier Milei had to embitter the negative result, despite all the goodwill of his country’s mainstream media, and also the Brazilian, who tried to sell the result as something positive.
This retraction occurs mainly by the measures that Milei said: privatization, freezing of public works, dismissal of public servants, lack of salary adjustments, pensions and pensions, among other measures.
The result is released at a troubled moment of the country when retirees perform large marches against the social security cuts made by Milei. The “March of Retirees” on March 12 in Buenos Aires was supported by unions and organized soccer fans, however the violent repression of the police marked the acts.
The situation has not intimidated the population that has since promoted other actions and marches against the Milei government. On Wednesday, the Inter -American Commission on Human Rights (IACHR) expressed its concern about what happened on the 12th: “The Argentine State must guarantee the rights to freedom of expression and association, and employ human rights -based protocols regarding the use of force in demonstrations, according to inter -American standards.”
Read more: Brutal repression to retirees in Buenos Aires exhibits Milei authoritarianism
CIDH recalls that Milei’s police operation left 20 injured, including an 87 -year -old retiree, arrested 114 people, including two 12 and 14 -year -old teenagers, as well as a 35 -year -old journalist in critical condition after being injured by a tear gas pump.
These situations still occur after the scandal of Milei’s cryptocurrencies occurred in February. To top it off, the Argentine President received a consideration from Congress for a new loan from the International Monetary Fund, sinking the country in another loan that despite guaranteeing money for the financial market in interest, did not hold back the shrinkage of GDP that led to the fall of inflation, just as the Argentine population remains impoverishing with arrochos and renovations that remove social rights.
PIB argentino
This was the first annualized GDP result obtained by Milei: a -1.7% retreat in 2024 compared to 2023. It was calculated with the closing of the quarter -quarter results, when economic activity increased by 1.4% compared to the previous period.
“The drop in -1.7%of GDP in 2024 responded to falling private consumption (-4.2%), public consumption (-3.2%) and gross fixed capital formation (-17.4%). They had an increase compared to 2023 exports (23.2%),” says Indec.
Source: vermelho.org.br
