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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
JP Morgan slashed its 2026 growth forecast for Argentina from 2.7% to 1.5% after the EMAE activity index fell 2.9% in July, signaling a sharper slowdown than expected. The bank now projects a technical recession in Q3, reflecting deepening economic contraction amid ongoing stabilization efforts. The revision underscores deteriorating momentum and raises risks to fiscal and external targets.