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Argentina , Sunday 30 August 2026

Argentina economic activity seen back in the red in June

Published on: Tuesday 20 August 2024

Argentina economic activity seen back in the red in June Argentina's economic activity likely fell in June versus the same month a year earlier, analysts said, back in the red after a rare rise the month before amid tough austerity measures and cost-cutting under libertarian President Javier Milei. The median forecast from 16 analysts sees economic activity down 1.9% year-on-year in the sixth month of the year, dropping back from May's 2.3% rise, as growth in the grains and gas sectors is weighed down by weak consumption and construction. The president's cost-cutting agenda has helped achieve rare fiscal surpluses and has allowed the central bank to rebuild reserves, but the economy has suffered, with consumption, construction and manufacturing down sharply.


News source: https://finance.yahoo.com/news/argentina-economic-activity-seen-back-160650962.html

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