The Economy Was on the Verge of a Technical Recession, According to Experts
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5 Articles
la Nacion
Ricardo Raul BenedettiThe magnitude of the monthly decline of the EEAS in July left little room for recovery in the third quarter; in the second it had fallen 0.6% compared to the first three months of the year
After the Gross Domestic Product (GDP) of the second quarter showed a fall compared to the previous one, the July data of the Monthly Economic Activity Estimator (EMAE) ended up disturbing analysts: the activity collapsed 2.9% monthly without seasonality, the deepest fall since the coronavirus pandemic. The combination of both numbers ignited an alarm between consultants and banks about the possibility of being Argentina at the door of a technic…
The fall of 2.9% of economic activity in July compared to June ignited alarms among economists. Although they coincide with the official reading that there were point factors behind the setback, they warn that the magnitude of the decline left very little room for a recovery in the third quarter. If the activity [...]
The fall of 2.9% of the EEAS in July left little room for recovery during the third quarter.
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