Argentina's economy expands 3.9% in Q3 versus Q2
BUENOS AIRES - Argentina's economy in the July to September period notched its first quarter-on-quarter economic expansion since entering a technical recession at the end 2023, but contracted yet again in yearly terms, official data showed on Monday.
Versus a year earlier, GDP declined 2.1%, the sixth straight contraction. That compares to analysts' forecasts for a 2.6% decline. Milei's administration has slashed social spending and launched mass public sector layoffs, and one of the world's highest annual inflation rates has come down to 166%. But the economy has slowed and poverty rates have surged past 50%.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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