{
  "id": 10469624,
  "title": "Milei denies recession as J.P. Morgan forecasts Q3 contraction",
  "url": "https://urgent.news/2026/09/28/milei-denies-recession-as-j-p-morgan-forecasts-q3-contraction",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T14:35:17.000Z",
  "source": {
    "name": "Buenos Aires Herald",
    "slug": "buenos-aires-herald",
    "url": "https://buenosairesherald.com/economics/milei-denies-recession-as-j-p-morgan-forecasts-contraction-in-third-quarter"
  },
  "original_language": "en",
  "account": "President Javier Milei dismissed claims that Argentina is on the brink of a recession, despite recent economic indicators suggesting a slowdown. In an interview with TV outlet LN+, the libertarian leader questioned the accuracy of seasonally adjusted data, arguing that Argentina's economic transformation was skewing the figures. \"I can't believe the intellectual dishonesty of economists,\" Milei said, accusing them of highlighting negative figures out of \"hatred for this government.\"\n\nMilei acknowledged a 2.9% month-on-month drop in economic activity in July, but disagreed with labeling it a recession. \"What we have is a slowdown in the pace of expansion,\" he stated, emphasizing the government's focus on the trend-cycle indicator rather than month-on-month numbers. He defended the administration's economic plan, claiming that the country is currently at maximum levels for consumption, exports, and gross domestic product (GDP).\n\nThe president downplayed concerns about rising unemployment, which reached 7.9% in the second quarter. He attributed the increase to a \"reallocation of resources\" and more people entering the labor market, asserting that the figure was \"not substantially different from 2023.\" Milei also claimed that his administration had created more than 500,000 jobs (600,000 excluding public-sector losses).\n\nRegarding the rise in country risk, which surpassed 600 basis points during the past week, Milei dismissed any risk of default. He pointed out that a higher country risk premium makes it more expensive for Argentina to borrow in international markets and affects provinces and companies seeking dollar financing. The president assured markets that the government had secured financing through the end of 2027 and dismissed any probability of default.",
  "summary": "The Argentine president said the economy has ‘slowed down’ but continues to grow, as J.P. Morgan cuts 2026 forecast to 1.5% La entrada Milei denies recession as J.P. Morgan forecasts Q3 contraction se publicó primero en Buenos Aires Herald .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Buenos Aires Herald",
        "title": "Milei denies recession as J.P. Morgan forecasts Q3 contraction",
        "url": "https://urgent.news/2026/09/28/milei-denies-recession-as-j-p-morgan-forecasts-q3-contraction-10469649",
        "published": "2026-09-28T14:35:17.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}