Argentina Economy August 2024 Forecast
Argentina Economy August 2024 Forecast. The gross domestic product (gdp) in argentina contracted 1.70 percent in the second quarter of 2024 over the previous quarter. Argentina’s monthly inflation reached the lowest level since early 2022 after president javier milei briefly tapped the brakes on his economic shock therapy by postponing utility hikes.
The international monetary fund slashed its 2024 economic growth projection for argentina to a 2.8% contraction from a 2.8% expansion, dimming its view on output growth in. Argentina’s economy has faced significant challenges in recent years, including high inflation, fiscal deficits, and debt restructuring.