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Towards Economic Freedom: A Promising Future
Argentina has experienced a significant improvement in economic freedom, jumping 90 places due to recent reforms and institutional changes, now comparable to established economies like Germany and France. The goal is to surpass the economic freedom levels of countries like Ireland, Australia, New Zealand, and Switzerland, potentially becoming the freest country globally. These advancements suggest a substantial opportunity for economic growth, projecting a per capita GDP increase of 2.5 times, leading to enhanced well-being. The Argentinian economy is on a strong recovery trajectory, with growth predictions for the next year revised upwards by JP Morgan. Additionally, the poverty rate has decreased from 57% to 46%, highlighting significant progress in improving living conditions.