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Business • 2026-11-03, 12:15 GMT • ~1 min read

Argentina's austerity-hit economy reels towards recession ahead of 2027 vote

Argentina's austerity-hit economy reels towards recession ahead of 2027 vote

Argentina's austerity-hit economy reels towards recession ahead of 2027 vote

Argentina's austerity-hit economy reels towards recession ahead of 2027 vote

Key points

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मुख्य बातें

  • Argentina's economy likely slipped into recession in the third quarter of 2026, economists say, as President Javier Milei's austerity programme squeezes household spending ahead of the October 2027 presidential election.
  • Economic activity already fell 0.6% in the second quarter, and a further contraction of around 1.5% is forecast for July to September.
  • Around 32,300 businesses closed between Milei taking office in December 2023 and July 2026, while consumption fell 2.7% in the first nine months of the year.
  • Argentina's economy likely slipped into recession in the third quarter of 2026, economists say, as President Javier Milei's austerity programme squeezes household spending ahead of the October 2027 presidential election.
  • Economic activity already fell 0.6% in the second quarter, and a further contraction of around 1.5% is forecast for July to September.
  • Around 32,300 businesses closed between Milei taking office in December 2023 and July 2026, while consumption fell 2.7% in the first nine months of the year.
  • Argentina's economy likely slipped into recession in the third quarter of 2026, economists say, as President Javier Milei's austerity programme squeezes household spending ahead of the October 2027 presidential election.
  • Economic activity already fell 0.6% in the second quarter, and a further contraction of around 1.5% is forecast for July to September.
  • Around 32,300 businesses closed between Milei taking office in December 2023 and July 2026, while consumption fell 2.7% in the first nine months of the year.

Argentina's economy likely slipped into recession in the third quarter of 2026, economists say, as President Javier Milei's austerity programme squeezes household spending ahead of the October 2027 presidential election. Economic activity already fell 0.6% in the second quarter, and a further contraction of around 1.5% is forecast for July to September. Around 32,300 businesses closed between Milei taking office in December 2023 and July 2026, while consumption fell 2.7% in the first nine months of the year. Austerity has cut inflation from 200% to 30%, but its benefits have yet to reach most households, and Milei's approval slipped to 36% in October.

Argentina's economy likely slipped into recession in the third quarter of 2026, economists say, as President Javier Milei's austerity programme squeezes household spending ahead of the October 2027 presidential election. Economic activity already fell 0.6% in the second quarter, and a further contraction of around 1.5% is forecast for July to September. Around 32,300 businesses closed between Milei taking office in December 2023 and July 2026, while consumption fell 2.7% in the first nine months of the year. Austerity has cut inflation from 200% to 30%, but its benefits have yet to reach most households, and Milei's approval slipped to 36% in October.

Argentina's economy likely slipped into recession in the third quarter of 2026, economists say, as President Javier Milei's austerity programme squeezes household spending ahead of the October 2027 presidential election. Economic activity already fell 0.6% in the second quarter, and a further contraction of around 1.5% is forecast for July to September. Around 32,300 businesses closed between Milei taking office in December 2023 and July 2026, while consumption fell 2.7% in the first nine months of the year. Austerity has cut inflation from 200% to 30%, but its benefits have yet to reach most households, and Milei's approval slipped to 36% in October.

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