Argentina’s Economy Grew More Than Expected in July Under Milei
- Economic activity in July grew 1.7%; fell 1.3% from year ago
- Argentina’s recession deepened in 2Q as shock therapy stung
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Argentina’s economy posted a larger-than-expected upturn in July, a promising signal for President Javier Milei with the economy mired in its sixth recession in a decade.
Economic activity grew 1.7% in July from June, compared with the median estimate for 0.6% growth of economists surveyed by Bloomberg. From a year ago, activity fell 1.3%, according to government data published Wednesday.