Macro - Country Economic Forecasts - Argentina
We've kept our GDP growth forecasts unchanged at -3.6% y/y for 2024 and 4.1% y/y for 2025. We think economic activity in Q2 marked the end of Argentina's recession as high-frequency data indicate that consumer-related activities performed positively in July. We expect a U-shaped rebound in activity, with consumption gradually recovering amid a slow rebound in real salaries and a weakened agricultural sector in Q3 compared to previous quarters.
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