Argentina's Economic Activity Contracts in July, Missing Growth Projections
1 report, 1 independent
Updated Fri 00:00
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What happened
Argentina's official national statistics agency released figures showing that economic activity declined by 1.4% in July compared to the same month last year. This contraction signals a sharp reversal from the 2.7% rise recorded in June. The actual result was below the 1.8% growth that Reuters analysts had projected.
From shafaqna.com
Why it matters
The decline is a setback for Latin America's third-largest economy. The economic slump highlights growing uncertainty about Argentina’s outlook, which depends on factors like easing inflation and improved consumer confidence.
From shafaqna.com
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