Markets
7.2
Argentina economic activity contracts 1.7% YoY in August, teeters on technical recession
Published 3 h ago1 sourceEvidence: Reported
SeverityHighAssessedDeveloping storyPerfilLow-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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