JP Morgan Projected Recession in the Third Quarter and Questioned the Government's Expected Spike in Consumption in 2027
21 Articles
21 Articles
The bank cut its growth forecast for this year to 1.5 per cent and estimated that private consumption will increase by just 0.4 per cent in 2027, compared with 3.4 per cent in the draft budget.
After the July data, JP Morgan pointed out that, by excluding the 2020 confinement, the 2008 financial shock and the 2018-2019 crisis, no month since 2004 had a similar fall. It projects a contraction of 4% in the third quarter in Argentina.
After the June Fall, JP Morgan Adjusted Its Forecast and Estimated a Recession for the Third Quarter
In a Friday report he noted that the GDP would continue to fall and report by the end of the year, and there are those who already see a 2% growth down by 2026.
The sharp decline in economic activity in July led JP Morgan to review downwards its projections for Argentina. The US bank reduced its growth estimate by 2026 and now expects the economy to go through a recession during the third quarter, after the contraction recorded between April and June. The change of scenario was [...] Entry J.P. Morgan anticipated a recession in Argentina in the third quarter was first published in AgendAR.
The US bank noted that the activity fell 2.9% in July and reduced its growth projection for Argentina from 2.7% to 1.5% during 2026. The post J.P. Morgan issued a strong warning about the Argentine economy and cut its forecast for 2026 appeared first on El Intransigente: Latest news from Argentina and the world in real time.
The US bank J.P. Morgan warned that in July the Argentine economy had its worst monthly performance since the confinement of April 2020 and, after knowing the latest activity data, cut back its growth projection for the country during 2026. The entity noted in its X account that it expected a negative result [...]
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