Toto Caputo projected that the next 18 months will be “the best in recent decades”

The Minister of Economy, Luis “Toto” Caputo, assured that Argentina is heading towards a period of strong growth and stability, and said that the next 18 months will be the best in decades as a result of the macroeconomic ordering process and the arrival of investments.

The statements were made within the framework of the AmCham Summit 2026, held at the Buenos Aires Convention Center, where nearly 1,500 representatives from the private sector, national and provincial authorities, and union representatives participated.

In this scenario, the head of the Treasury Palace stressed the importance of the measures taken by the Government of Javier Milei to correct structural imbalances and create the conditions for sustained growth.

Growth and Inflation

In his presentation, Caputo explained that the inflationary slowdown was affected by the "Kuka risk" during the legislative elections. “The disinflation process, which was going very well, was interrupted during the period leading up to the elections, where there was massive dollarization, with a sharp drop in demand for money. As we know, inflation is a monetary phenomenon,” he said.

In this regard, he noted that the context of uncertainty also impacted the level of economic activity. “Argentina could have grown 7% last year but it grew by 4.4%. Now the recovery in demand for money begins,” he said, while projecting an improvement in the indicators over the coming months

.

With an optimistic vision, the minister assured that a phase of greater stability is coming. “Starting in April, we are going to see a very significant slowdown in inflation and greater growth. Inflation is going to have a death certificate,” he emphasized

.

Caputo also highlighted the set of measures implemented by the Government of Milei and considered that they represent an unprecedented change. “Work has been done that in Argentina had never been done before,” he said.

In that framework, he mentioned the implementation of incentives such as the Incentive Regime for Large Investments (RIGI), with the objective of regaining the trust of the private sector, which has already achieved investments of USD 85 billion through

35 different projects.

Regarding infrastructure, the official announced that progress will be made in the tender for 12,000 kilometers of national routes, while funding is being provided to the provinces to improve the road network. These works, he said, are key to boosting competitiveness and economic development

.

On the other hand, the minister referred to the situation of industry and consumption, and pointed to the “Argentine cost” as one of the main factors affecting the productive sector.

“Faced with this context, how did the business community react? In many cases, with what is commonly referred to as 'hunting in the zoo

, '” he said.

In contrast, he argued that the country is now undergoing a paradigm shift. “We are going to go through an absolutely reverse process. Today there are no more deficits, and that means that, instead of raising taxes, they are being lowered. At the same time, the Argentine cost is reduced. By not having to finance that deficit - much less with emissions - it also decreases inflation,” he explained

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