From Buenos Aires Times · Patrick Gillespie, Bloomberg · · 40s
Argentina Economy Rebounds Slightly
Argentina's economy grew 0.1% in August after July's sharp drop, but faces recession risks.
In brief
Argentina's economy grew 0.1% in August after July's sharp drop, but faces recession risks. Argentina's economy grew 0.1% in August after July's sharp drop, but is expected to contract in Q3. Originally reported by Buenos Aires Times.
August Economic Growth
Argentina's economy grew 0.1 percent in August after a sharp drop in July, with annual contraction of 1.7 percent.
Wages Beat Inflation
Wages in Argentina's formal private sector beat inflation for the third straight month in August, signaling positive consumer spending.
Recession Risk
Gross domestic product is expected to decline in Q3, marking a technical recession after shrinking in Q2.
The bottom line
Argentina's economy grew 0.1% in August after July's sharp drop, but is expected to contract in Q3.
