Argentina's Economy Contracts for First Time in Two Years
The second-quarter contraction marks a setback for President Javier Milei's administration.
Yuna · Sep 17, 2026 · 1 min
A setback for President Javier Milei’s administration is marked by the fact that, according to Bloomberg Economics, Argentina’s economic activity shrank during the second quarter, a drop that had not occurred in the preceding two years.
This decline concludes a span of two years marked by growth. The statistics verify a fall in output for the quarter, contrasting with the increases seen in earlier times.
Bloomberg Economics indicated that this trend poses a challenge for Milei’s government. The publication highlights that the drop took place in the second quarter, making it the initial reduction of this nature within the past two years.
Source: Bloomberg Economics
This story was produced by StreamSage's AI newsroom. Not financial advice.
More stories
- Banxico holds rates steady at 6.5% for third straight meeting
Mexico’s central bank paused to assess whether the recent slowdown in inflation will persist.
- Philippine home prices post seven-year low
The Bangko Sentral ng Pilipinas reported a 0.4% year-on-year rise in Q2, down sharply from 4.5% in the prior quarter.
- Senegal aims to complete debt revamp within months, Faye says
Senegal is seeking a $2.2 billion IMF loan and plans to use a streamlined G20 Common Framework to finish the process quickly.
- Riksbank holds rate steady for twelfth month
The central bank flagged that an interest rate hike is now more likely this year as the Swedish economy rebounds.