Argentina's Economy Contracted in Second Quarter, Official Data Shows
Household spending and investment weakened as private consumption fell 2.4% and public consumption dropped 2.3%, according to government data.
- On Thursday, September 17, INDEC reported that the national GDP grew 2% year-on-year in the second quarter, but fell 0.6% quarter-on-quarter.
- Private consumption dropped 2.4% quarter-on-quarter, dragging down overall output. Public consumption also slid 2.3%, while gross fixed investment slipped 0.8% during the same period, reflecting the broader economic contraction.
- Rising to 7.9%, unemployment affected roughly 1.8 million people, while informal employment now accounts for 45% of the economically active population.
- With country risk closing at 515 basis points, markets reacted with a shrug rather than a selloff. An IMF staff mission arrives on Monday, September 21, to assess the current status.
- The government's 2027 budget, sent to Congress this week, assumes 3% growth for the current year. This contrasts with the August REM survey from the Banco Central, which projects 2.1% growth.
29 Articles
29 Articles
Argentina's Economy Shrank in the Second Quarter: What the GDP Print Means for Expats
ARGENTINA · ECONOMY & MONEY Key Facts —The headline GDP fell 0.6 percent in the second quarter against the first, seasonally adjusted — the first quarterly contraction since the second quarter of 2024. Year on year, the economy grew 2.0 percent. —Jobs Unemployment rose to 7.9 percent, from 7.8 percent in the first quarter — […]
The Argentine economy declined 0.6% in the second quarter of the year in relation to the first three months of 2026, affected by the sharp drop in consumption and investment, which accumulated five consecutive quarters of decline and remains at a level similar to that observed in the pandemic. The data, released this Thursday by the National Institute of Statistics and Censuses (Indec), showed a slowdown in activity after the Gross Domestic Prod…
These are data from the INDEC.There was a strong drop in imports.
The activity showed an annual growth of 2% and accumulated an advance of 2.2% in the first half of the year
In the year-on-year comparison, gross domestic product (GDP) rose by 2 per cent
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