Milei denies recession as JPMorgan cuts Argentina 2026 growth forecast to 1.5%

Argentine President Javier Milei publicly rejected recession fears, responding to JPMorgan's forecast of a Q3 contraction and a cut in 2026 growth to 1.5%. The denial contrasts with external economic indicators, highlighting a divergence between official optimism and market expectations. This matters as it signals potential policy resistance to adjustment measures and could affect investor confidence in Argentina's economic trajectory.