Argentina Economists See a 1% Quarterly Contraction
18 Articles
18 Articles
Consultants expect a GDP contraction of 1% in the third quarter, and higher inflation than in August.The dollar and rates would remain stable.
They estimate that inflation would remain stable at below 2 per cent per month but not much lower, which would make it close the year to 30 per cent, just below the year 2025.
According to the Fiscal Council (FC), the economic growth forecast of 2.0 percent instead of the previously planned 4.1 percent included in the bill amending this year's budget law is at risk from external economic and geopolitical tensions, rising energy prices, and a severe domestic drought. This slowdown is partially offset by rising real household wages and the associated strong consumption.
Argentine economy walks to technical recession after insufficient recovery in August; growth projection 2026 falls from 3.5% to 1.5%.
Investors are increasingly concerned about next year’s campaign, as Milei is failing to deliver on the growth promised
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