La otra cara del milagro
Economic observatory · Argentina

The official story,
told by the data

Every government has its scoreboard of wins. Here are the ones most celebrated — and the full number behind each.

Sources: INDEC · BCRA · MECON · FMI · See methodology →

The 8 pillars — and their flip side

For each positive argument the government highlights, what it hides — and the link to the figures. One pillar is missing from the official story: jobs — see « Activity & jobs ».

The verdict

Three thermometers for one country

Facade, foundation, lived reality: the market calm masks structural fragility and a very real recession.

Score out of 100 — the higher, the more worrying (▲ worsening · ▼ improving, vs prev. period). In each card: bars = current level (0–100), % = weight in the score.

The country's trajectory: fragility × real economy

The two underlying thermometers — vulnerability and real economy — become the two axes here, over the whole period. Market stress, by contrast, is not on the map: it's the facade, not the ground.

→ See the full synthesis (3 thermometers + matrix)