Politics
6.6
Milei admits growth indicators below expectations, shifts from optimistic rhetoric
Published 7 h ago5 sourcesEvidence: Reported
SeverityModerateAssessedDeveloping storyLa Nación (Argentina)Low-rated sourceAR
Argentina's GDP rebounded only 0.1% in August after a 0.6% quarterly contraction in Q2 and a 2.8% monthly collapse in July. To avoid a technical recession, the economy would need to grow 8.5% in September, an implausible figure, confirming recession is imminent.
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