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Argentina July activity drops 2.9%; Milei disputes data, JPMorgan sees Q3 contraction
La Nación (Argentina)LO·AR·1 day ago
J.P. Morgan cut its 2026 growth forecast for Argentina from 2.7% to 1.5% after July economic activity fell 2.9% month-on-month. The bank estimates a 4% annualized contraction in Q3, raising the risk of a technical recession if Q4 also contracts. This signals deteriorating growth momentum and may pressure Argentine assets and the peso.
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