IBOV 166,191.45 ▼ 0.82% IPC MEX 71,087.56 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL5.52▲ 0.30% USD/MXN18.68▼ 0.38% USD/CLP981.40▲ 0.29% USD/COP3,235▲ 0.23% USD/PEN3.43▼ 0.31% USD/ARS1,545▼ 0.03% USD/UYU40.22▲ 3.25% USD/PYG6,358▲ 8.23% USD/BOB11.81▲ 0.40% USD/DOP60.59▲ 0.48% USD/CRC448.27▲ 1.89% USD/GTQ7.64▲ 3.24% USD/HNL26.88▲ 3.25% USD/NIO36.62▲ 2.77% USD/VES893.88▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.90% USD/TTD6.65▲ 1.30% EUR/BRL6.14▲ 0.28% BRENT 98.25 ▼ 0.04% WTI 90.91 ▲ 0.43% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.19% GOLD 4,058 ▼ 1.35% SILVER 51.81 ▼ 0.81% SOY 1,190 ▲ 0.74% CORN 440.25 ▲ 0.06% WHEAT 588.50 ▼ 1.79% COFFEE 278.45 ▲ 0.47% SUGAR 18.33 ▼ 1.24% ORANGE JUICE 137.35 ▲ 6.93% COTTON 78.34 ▼ 0.47% COCOA 5,330 ▲ 2.88% BEEF 214.48 ▼ 1.62% CATTLE 325.08 ▼ 2.09% LITHIUM 60.18 ▼ 2.75% PETR4 45.63 ▼ 0.70% VALE3 62.42 ▼ 0.40% ITUB4 40.14 ▲ 0.43% BBDC4 13.88 ▲ 0.80% ABEV3 15.51 ▲ 0.19% BBAS3 16.57 ▲ 0.49% B3SA3 14.36 — 0.00% WEGE3 47.66 ▼ 1.33% PRIO3 61.53 ▼ 0.02% SUZB3 51.16 ▼ 2.16% RENT3 28.70 ▼ 1.27% AZZA3 14.45 ▲ 2.77% CSAN3 2.64 ▲ 5.60% RAIZ4 27.30 ▼ 0.98% PCAR3 2.42 ▲ 1.26% GMAT3 3.83 ▲ 3.23% PSSA3 43.88 ▲ 0.39% CVCB3 0.83 ▲ 1.22% POSI3 3.11 — 0.00% SLCE3 16.32 ▼ 0.18% NATU3 5.28 ▼ 1.31% BRKM5 2.99 ▼ 1.32% RANI3 8.54 ▲ 0.95% CSNA3 4.02 ▼ 0.74% IBOV 166,191.45 ▼ 0.82% IPC MEX 71,087.56 ▲ 0.38% MERVAL 2,848,945 — — USD/BRL 5.52 ▲ 0.20% USD/MXN 18.67 ▼ 0.43% USD/CLP 981.08 ▲ 0.25% USD/COP 3,236 ▲ 0.27% USD/PEN 3.43 ▼ 0.40% USD/ARS 1,545 ▼ 0.03% USD/UYU 40.22 ▲ 3.25% USD/PYG 6,358 ▲ 9.88% USD/BOB 11.81 ▲ 0.40% USD/DOP 60.59 ▲ 0.48% USD/CRC 448.27 ▲ 1.89% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.22% USD/NIO 36.62 ▲ 2.77% USD/VES 893.88 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.79 ▲ 2.77% USD/TTD 6.65 ▲ 1.30% EUR/BRL 6.15 ▲ 0.30% BRENT 98.25 ▼ 0.04% WTI 90.91 ▲ 0.43% IRON ORE 161.91 — — COPPER 6.26 ▲ 0.19% GOLD 4,058 ▼ 1.35% SILVER 51.81 ▼ 0.81% SOY 1,190 ▲ 0.74% CORN 440.25 ▲ 0.06% WHEAT 588.50 ▼ 1.79% COFFEE 278.45 ▲ 0.47% SUGAR 18.33 ▼ 1.24% ORANGE JUICE 137.35 ▲ 6.93% COTTON 78.34 ▼ 0.47% COCOA 5,330 ▲ 2.88% BEEF 214.48 ▼ 1.62% CATTLE 325.08 ▼ 2.09% LITHIUM 60.18 ▼ 2.75% PETR4 45.63 ▼ 0.70% VALE3 62.42 ▼ 0.40% ITUB4 40.14 ▲ 0.43% BBDC4 13.88 ▲ 0.80% ABEV3 15.51 ▲ 0.19% BBAS3 16.57 ▲ 0.49% B3SA3 14.36 — 0.00% WEGE3 47.66 ▼ 1.33% PRIO3 61.53 ▼ 0.02% SUZB3 51.16 ▼ 2.16% RENT3 28.70 ▼ 1.27% AZZA3 14.45 ▲ 2.77% CSAN3 2.64 ▲ 5.60% RAIZ4 27.30 ▼ 0.98% PCAR3 2.42 ▲ 1.26% GMAT3 3.83 ▲ 3.23% PSSA3 43.88 ▲ 0.39% CVCB3 0.83 ▲ 1.22% POSI3 3.11 — 0.00% SLCE3 16.32 ▼ 0.18% NATU3 5.28 ▼ 1.31% BRKM5 2.99 ▼ 1.32% RANI3 8.54 ▲ 0.95% CSNA3 4.02 ▼ 0.74%
since 2009
Friday, November 6, 2026

Earnings Latin America

Milei’s Economic Turnaround Delivers 6.5% Growth in Q2 2025

When Javier Milei took office on December 10, 2023, he inherited a bankrupt economy plagued by deficits, hyperinflation, and heavy

By Rafael Silva Santos · September 16, 2025 · 2 min read
2024-06-06T224621Z_1_LYNXMPEK550VO_RTROPTP_4_ARGENTINA-ANNIVERSARY-MILEI
Milei’s Economic Turnaround Delivers 6.5% Growth in Q2 2025.

When Javier Milei took office on December 10, 2023, he inherited a bankrupt economy plagued by deficits, hyperinflation, and heavy subsidies.

In under two years, he removed price supports, opened trade, and slashed public spending. These bold moves reignited exports, drawing global buyers to Argentina’s soy, grains, oil, and gas.

Argentina’s GDP soared 6.5% year on year in Q2 2025—the highest growth in the Americas. Strong agricultural and energy sales powered the rebound.

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Automakers filled overseas orders, and infrastructure projects accelerated construction. Business confidence climbed as foreign investors committed billions to renewable energy and technology ventures.

The Central Bank’s Market Expectations Survey forecasts 4.4% GDP growth for all of 2025, a rate unheard of before Milei’s reforms. Improved fiscal discipline unlocked external financing, ending Argentina’s isolation from global capital markets.

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2024-06-06T224621Z_1_LYNXMPEK550VO_RTROPTP_4_ARGENTINA-ANNIVERSARY-MILEI
Milei’s Economic Turnaround Delivers 6.5% Growth in Q2 2025.

Not everything is perfect, and some sectors need further support. Public debt remains high, and inflation exceeds 100%. Policymakers plan targeted tax relief for middle-income families and easier credit for small businesses.

These measures aim to spread the gains beyond exports and large firms. Argentina’s rapid turnaround shows how decisive reform can revive a stalled economy.

Milei’s agenda transformed extreme crisis into dynamic expansion. If the government maintains its course, Argentina will cement its place as one of Latin America’s fastest-growing economies, creating jobs and stability for millions.

Live Market IntelligenceArgentina — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Argentina — Live Market Board

BYMA · Buenos Aires
Nov 6, 2026 · 11:16

S&P MERVAL · benchmark
2,848,945
—
-4.19% over 12 months

Market breadth · 2 names
50% advancing

1 ▲ advancing1 declining ▼

Currencies, rates & key inputs
USD / ARS
1,545
-0.03%

Brent crude
98.25
-0.04%

Soybeans
1,190
+0.74%

Sector heatmap · average move today
Technology
+2.50%
GLOBANT

Energy
0.00%
YPF, TGS

Financials
0.00%
GGAL, COME, BYMA

Utilities
0.00%
PAMPA, CEPU

Mining
0.00%
TXAR

Materials
0.00%
ALUAR, LOMA NEGRA

Telecom
0.00%
TELECOM ARG

Consumer Disc.
-6.03%
MIRGOR, MERCADOLIBRE

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
166,191.45
-0.82%

S&P/BMV IPCMexico
71,087.56
+0.38%

S&P IPSAChile
10,613.23
+1.41%

S&P MERVALArgentina
2,848,945
—

MSCI COLCAPColombia
2,484.43
-0.88%

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
MERVAL 2,848,945 — -4.19% 2,859,051 — — —
USD/ARS 1,545 -0.03% +6.46% 1,545 1,545 1,545 —
YPF 6,475 +0.00% +18.54% 6,475 6,675 6,390 62,140
GGAL 4,998 +0.00% -42.39% 4,998 5,070 4,998 9,725
PAMPA 4,278 +0.00% -17.26% 4,278 4,390 4,235 9,090
TXAR 702.00 +0.00% -10.29% 702.00 709.50 673.50 81,908
ALUAR 770.00 +0.00% -20.29% 770.00 783.00 753.50 7,485
TGS 7,280 +0.00% -16.47% 7,280 7,450 7,280 156
CEPU 1,649 +0.00% -25.62% 1,649 1,659 1,600 4,629
MIRGOR 1,750 +0.00% -91.94% 1,750 1,750 1,665 48
COME 30.51 +0.00% -49.07% 30.51 31.40 30.51 304,388
LOMA NEGRA 2,925 +0.00% -10.89% 2,925 2,925 2,853 1,149
BYMA 198.00 +0.00% -36.59% 198.00 201.25 193.50 78,675
TELECOM ARG 3,380 +0.00% -7.65% 3,380 3,380 3,293 202
GLOBANT 49.24 +2.50% -16.26% 48.04 49.24 47.89 9,510
MERCADOLIBRE 1,530 -12.05% -28.10% 1,740 1,549 1,530 6,602

Largest moves today
MERCADOLIBRE
1,530
-12.05%
GLOBANT
49.24
+2.50%
USD/ARS
1,545
-0.03%
MERVAL
2,848,945
—
YPF
6,475
+0.00%
GGAL
4,998
+0.00%
PAMPA
4,278
+0.00%
TXAR
702.00
+0.00%

The session read
The S&P MERVAL was little changed on the session, with breadth evenly split — 1 of 2 names higher. Technology led, while Consumer Disc. lagged.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

The LatAm Brief

One email, every weekday morning. What moved in Latin American markets, politics and expat life.

Yesterday’s subject line: “Paraguay's president tried to quit. Congress said no”

Free. We send a confirmation link first — nothing arrives until you click it. Unsubscribe with one click in any edition. If you stop opening us for 30 days we stop sending by ourselves, as we assume the interest is no longer there. See our privacy policy. We never share your email.

Brazil runoff date: Sunday, October 25, poll closing times and when results start · Brazil runoff polls: Flávio 51%, Lula 49% · Kalshi and Polymarket odds

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