Milei Declares End of Recession in Argentina

President Javier Milei visited Ualá's offices, assuring that the recession has ended and urging private sector investment. He expressed optimism for economic growth, highlighting a decrease in inflation from 54% to 2% monthly.


Milei Declares End of Recession in Argentina

President Javier Milei visited the offices of the company Ualá to congratulate CEO Pierpaolo Barbieri on the announcements regarding the investment in the virtual wallet. During the visit, the president emphasized that the recession has come to an end and called on the private sector to seize the moment to invest.

In his speech, Milei expressed optimism about the country's economic future and promised a swift recovery, stating that signs of growth are being seen. Additionally, he praised Ualá as a success story that demonstrates that capitalism, freedom, and innovation are key to progress.

The president highlighted the reduction in wholesale inflation and pointed out that his administration has significantly decreased this figure. He emphasized that the economic adjustment implemented was effective and that it was primarily applied to the public sector so as not to affect the private sector.

Milei rejected the idea that the state creates wealth and stated that his focus is on eliminating state restrictions to promote economic growth and job creation. He also expressed his preference for participating in events in the private sector rather than inaugurating costly and inefficient public works.

During the visit to Ualá, the president was accompanied by members of his cabinet, the chief of staff, the secretary general of the presidency, the presidential spokesperson, and the chief advisor. The visit concluded with a message of optimism and confidence in the country's economic recovery.