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Argentina GDP contracts 0.5% in May, marking second consecutive monthly decline
BAE Negocios·AR·about 7 hours ago
Argentina's monthly economic activity indicator (EMAE) grew 0.2% year-on-year in May, while contracting 0.5% month-on-month. The decline from the previous month indicates a loss of momentum in the country's economic recovery efforts.
Argentina's economic downturn is deepening, confirmed by a second consecutive monthly GDP contraction of 0.5% in May and a 1.5% year-to-date decline. This trend is further corroborated by a 0.1% monthly decline in private employment and a two-year low in hiring expectations, indicating a broad cooling of labor market demand.