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EconomicArgentina·2 Nov 2026

Argentina's economy faces recession risks under Milei's austerity policies

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Argentina’s economy likely entered a recession in the third quarter of 2024, following a 0.6% GDP contraction in the second quarter and a forecasted 1.5% decline in the third. President Javier Milei’s administration implemented radical austerity measures that slowed inflation from 200% to 30%, yet these policies coincided with a 40% drop in sales for…

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Straits Times
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