Argentina’s Economy Shrank in the Second Quarter: What the GDP Print Means for Expats
ARGENTINA · ECONOMY & MONEY Key Facts —The headline GDP fell 0.6 percent in the second quarter against the first, seasonally adjusted — the first quarterly contraction since the second quarter of 2024. Year on year, the economy grew 2.0 percent. —Jobs Unemployment rose to 7.9 percent, from 7.8 percent in the first quarter — […] The post Argentina’s Economy Shrank in the Second Quarter: What the…
Argentina's economy contracted 0.6 percent in the second quarter, marking the first quarterly decline since the second quarter of 2024, according to the national accounts. Unemployment rose to 7.9 percent, a slight increase from 7.8 percent the previous quarter, affecting households and government spending more than investment. Private consumption fell 2.4 percent quarter-on-quarter, while public consumption decreased 2.3 percent.
Gross fixed investment dropped 0.8 percent. The peso remained relatively stable, easing slightly to 1,535-1,555 per US dollar, and the blue dollar strengthened to 1,535-1,555 as well. The IMF staff mission arrives on Monday, followed by the July EMAE report on September 24, which could indicate whether the third quarter follows the same trend.
The central bank's REM survey predicts 2.1 percent growth for 2026, a forecast that has been revised downwards twice in two months.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
