“Gross domestic product expanded 3.9% from July to September compared to the previous three-month period, better than analysts’ expectations for 3.4% growth. From a year ago, South America’s second-largest economy shrank 2.1% in the third quarter, according to government data published Monday. The median estimate of economists surveyed by Bloomberg was for a contraction of 2.6%.

Capital expenditure, consumer spending and exports drove growth in the quarter, while public investment barely rebounded.

Milei’s balancing act between growing Argentina’s economy and cooling inflation while lifting currency controls will be keenly watched by markets as a barometer of his popularity heading into the mid-terms in late 2025 where he’s looking to take seats away from traditional parties.”

From Bloomberg.