Argentina's economic picture keeps darkening, with J.P. Morgan trimming its growth forecast and now expecting a third-quarter contraction after July's sharp drop in activity. Fresh
Argentina's economic picture keeps darkening, with J.P. Morgan trimming its growth forecast and now expecting a third-quarter contraction after July's sharp drop in activity. Fresh data showing poverty climbing back above 30% adds social pressure to the slowdown, complicating the government's policy calculus ahead of elections. Argentina-linked assets stay cautious as investors watch whether officials roll out contingency measures to manage dollar demand and steady the economy.
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