Argentina’s recession looks inevitable after August data
After July’s sharp contraction, economists broadly expected a strong rebound, but official data showed the opposite La entrada Argentina’s recession looks inevitable after August data se publicó primero en Buenos Aires Herald .
Argentina faces a potential recession in the third quarter of 2026, according to August economic data released by the national statistics agency INDEC. The Monthly Economic Activity Estimator (EMAE), an early indicator of quarterly GDP, showed weak economic activity in July, dropping nearly 3% month-on-month, the steepest decline since the pandemic.
August's figures further dashed hopes of a rebound, with economic activity increasing only 0.1% month-on-month and falling 1.7% year-on-year. Five sectors contributed to growth, but ten sectors saw declines. In particular, manufacturing and wholesale and retail trade contracted by 3.2% and 3.5%, respectively. Analysts at Banco Provincia and Equilibra believe that economic activity would need to grow by 8.5% in September to avoid a technical recession, which is defined as two consecutive quarters of declining GDP. Even if the EMAE rose by 1.5% in September, the quarter would still end with a 2.3% contraction.
Written by urgent.news from Buenos Aires Herald's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Argentina’s recession looks inevitable after August data buenosairesherald.com
