Argentina's socio-economic situation has since been steadily improving.

Expansionary
policies and commodity exports triggered a rebound in GDP from 2003 onward. This trend has been
largely maintained, creating over five million jobs and encouraging domestic consumption and fixed
investment. Social programs were strengthened, and a number of important firms privatized during
the 1990s were renationalized beginning in 2003. These include the postal service, AySA (the water
utility serving Buenos Aires), Pension funds (transferred to ANSES), Aerolíneas Argentinas, the
energy firm YPF,[45] and the railways.[46]

The economy nearly doubled from 2002 to 2011, growing an average of 7.1% annually and around
9% for five consecutive years between 2003 and 2007.[43] Real wages rose by around 72% from their
low point in 2003 to 2013. The global recession did affect the economy in 2009, with growth slowing
to nearly zero but high economic growth then resumed, and GDP expanded by around 9% in both
2010 and 2011. Foreign exchange controls, austerity measures, persistent inflation, and downturns
in Brazil, Europe, and other important trade partners, contributed to slower growth beginning in
2012, however. Growth averaged just 1.3% from 2012 to 2014, and rose to 2.4% in 2015.[6