Argentina experienced an economic contraction in June, marking the fourth decline this year, just before a sharp rise in interest rates during July. This downturn presents a minor challenge for President Javier Milei as the nation approaches its October midterm elections. n nAccording to official data released on Wednesday, economic output dropped by 0.7% compared to May, falling short of analysts’ projections which had anticipated a smaller decrease of 0.2%. On a year-over-year basis, however, the economy showed growth of 6.4%, surpassing expectations. n
— News Original —nTitle: Argentina’s Economy Extends Downturn in June Before MidtermsnContent: Argentina’s economy contracted in June for the fourth month this year just before interest rates soared in July, a slight setback for President Javier Milei before the country heads to midterm elections in October. n nEconomic activity fell 0.7% from May, below economists’ estimates for a 0.2% dip. From a year ago, the economy expanded 6.4%, more than expected, according to government statistics published Wednesday.
