Argentina’s Recession Looks Inevitable After August Data - Buenos Aires Herald
8 Articles
8 Articles
In relation to July this year, the economic activity of the 2nd largest economy in South America grew 0.1%, insufficient to free country from the risk of recession
Lower growth and loss of jobs in the formal economy are slowing down the political gains Milei sought through low inflation
Monthly indicator August had a monthly discharge of only 0.1%, after a sharp fall of 2.8% in July; annualized index was -1.7%
The INDEC confirmed that the activity fell 1.7% in August and economists warn that September would need an extraordinary growth of 8.5% to avoid the recession. Of the fifteen sectors surveyed by the INDEC, ten recorded annual falls. The Argentine economy was on the verge of a new recession and Luis Caputo found a reason to celebrate. The Minister of Economy emphasized that the activity grew 0.1% in August compared to July, although the data of t…
The EMAE advanced only 0.1% monthly after the July collapse and fell 1.7% year-on-year, while the margin is narrowed to avoid a contraction of the economy in the third quarter. In parallel, Patricia Bullrich called for political agreements and a more relaxed economy for the people. Read more
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