Argentina Economy Slips Into Recession
Argentina has slipped into a technical recession as President Javier Milei enforces strict austerity measures. While inflation has slowed, domestic industries struggle with weak demand and cheap imports.
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Xurve View
Argentina's austerity-hit economy contracted in the third quarter, testing President Javier Milei as consumer demand falls 40%. The downturn arrives a year ahead of the October 2027 presidential election. Household consumption accounts for two-thirds of GDP, making the consumer pullback a drag on growth.
