Argentina Economists See a 1% Quarterly Contraction
14 Articles
14 Articles
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
They said that in the third quarter the economic activity contracted 1%. Indec had already reported that in the second quarter the regression was 0.6%.The entry The recession has already arrived, say analysts consulted by the Central Bank was first published in El Ciudadano.
The Market Already Talks About Recession: the Economy Would Have Fallen to 1.1% in the Third Quarter
The Central Bank's REM showed a strong twist in analysts' projections, which now estimate a contraction of between 1% and 1.1% between July and September.
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