Economic activity added its tenth consecutive month on the rise and scored its fourth year -on -year improvement in February. Thus it follows from Monthly Economic Activity Estimator (EMAE) released Tuesday by INDEC.
The news was held in networks by Minister Luis Caputo, in a message that was shared by President Javier Milei.
Economic activity grew in February and the government celebrated it
In February 2025, the monthly Economic Activity Estimator (EMAE) registered a 5.7% rise in the year -on -year comparison (AI) and of 0.8% compared to January measurement (HE). Thus, in the first two months of the year it accumulates an improvement of 6.2% compared to the same period of 2024.
“Important“The Minister of Economy wrote in his networks Luis Caputo. And he stressed that it is the “Highest level in the series desestacionalized since June 2022”. “Trend-cycle growing by elevenaavo consecutive month,” he added.
Luis Caputo’s message about the EMAE data
According to INDEC, in relation to the same month of 2024, Eleven of the activity sectors that make up the EMAE registered increases in February, Among those that stand out financial intermediation (30.2% AI) and fishing (28.3% AI).
The activity of Financial intermediation (30.2% AI)in turn, it was the most positive incidence in the interannual variation of the EMAE, followed by Wholesale, retail trade and repairs (7.4% AI) and manufacturing industry (5.0% AI).
On the other hand, four activity sectors registered falls in the year-on-year comparison, among which other activities of community, social and personal services (-2.6% AI) and hotels and restaurants (-1.4% AI) stand out.
These activities, together with public administration and defense; Mandatory affiliation social security plans (-1.2% AI), 0.17 percentage points subtract from the year-on-year growth of the EMAE.
“Economic activity grew again in February, maintaining a rhythm of expansion above 5%. And after the unification of the change market and the elimination of restrictions on capital movements, it could even accelerate to close 2025 with an expansion of the GDP closer to 6%, “said Eugenio Marí, chief economist of the Freedom and Progress Foundation.
“This growth in general terms is being given From the hand of a rearrangement of the economic structureas the incentives change due to the decrease in inflation, reforms and deregulations. Some sectors are well positioned to channel capital, grow and absorb employment, while obviously in others are undressing competitiveness problems, “he said.
And he added: “The key in this transition is Accelerate the implementation of reforms that increase productivity and lower non -salary costssuch as privatizations, tax reform and work. And here the congress is key, which gives more value to the mid -term elections. “
The IMF maintained growth projection for Argentina in 2025
He International Monetary Fund (IMF) ratified its prognosis of 5.5% growth for Argentina in 2025based on the good data observed in the first months of the year.
“We still have that forecast basically because of the positive data we saw. Despite the fiscal adjustment there was an increase in trust and that allows us to sustain the prognosis,” said Petya Koeva Brooks, a member of the body of chiefs of economy of the IMF.
However, he warned that the risks for this expansion to be completed have increased due to the risk of greater “financial restrictions” from the current global situation and for the “prices effects.”
The body of IMF chief economists offered a press conference on Tuesday within the framework of the annual spring assembly of the agency. Warned that The global economy will face significant slowdown in 2025 Following the hardening of commercial policies of the United States.
The press conference focused on the global situation, which underwent a strong change of course after the tariff measures imposed by Donald Trump.
In this context, the agency assured that the uncertainty generated by the Donald Trump’s tariff policy will cause a slowdown of the world economy and urged a stabilization to avoid a greater impact. The body adjusted to 2.8% the potential global growth.
According to the Global Economic Perspectives Report (Weo, in English), the new tariff measures imposed by Washington and the countermeasures implemented by its commercial partners constitute a relevant negative shock for world economic growth, especially for emerging and developing countries, including Latin America.
“All countries will be affected down due to the uncertainty that cuts investments and production“Pierre Olivier Gourinchas said.
Within that framework, he pointed out that some emerging economies could benefit from a new ordering of international trade. As objectives to redirect the economy, the IMF instructed to “restore the stability of commercial relations” because “the world economy needs predictability.”
