Argentina · Country watch
Economic Contraction and Rising Country Risk
Argentina's economy shrinks in Q2, while country risk surges amid global caution.
In this briefing Argentina
Regulation
Nothing significant reported today.
Disruption
Nothing significant reported today.
Internal tension
Nothing significant reported today.
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
Argentina's economy contracts 0.6% in Q2
Argentina's economy contracted by 0.6% in the second quarter compared to the first quarter, according to official data reported by Buenos Aires Times. Private consumption and investment both declined, although annual growth remains at 2%. The contraction is attributed to a decrease in consumer spending and sluggish investment, which have impacted overall economic performance.
Impact Lenders and investors face a challenging environment as economic contraction impacts consumer spending and investment.
Sources: Buenos Aires Times ↗
Country risk rises to 521 points amid bond sell-off
Argentina's country risk increased to 521 points following a sell-off in bonds and stocks, as reported by Cronica. The rise in country risk reflects global caution and profit-taking activities, which have led to declines in public securities and the main index of the Buenos Aires Stock Exchange. This development highlights investor concerns over Argentina's economic stability.
Impact Holders of Argentine bonds and equities experience increased volatility as country risk rises.
Sources: Cronica ↗
Trade
Goat meat exports surge 180% year-on-year
Argentina's goat meat exports have surged by 180% in volume and 380% in foreign exchange earnings year-on-year up to July, according to Todo Agro. The significant growth in exports reflects increased demand for Argentine goat meat in international markets, contributing positively to the country's agricultural trade balance.
Impact Agricultural exporters benefit from increased demand and higher revenues from goat meat exports.
Sources: Todo Agro ↗
Politics
Nothing significant reported today.
Also today in Argentina
- El mapa exportador cambió. ¿Cambiará también nuestra estrategia de desarrollo? — El Economista
- Milei’s Presidency at risk from stalling Argentina economy — Buenos Aires Times
- Stories that caught our eye: September 11 to 18 — Buenos Aires Times
- Automotrices le piden a Trump excluir a los autos chinos de la cumbre con Xi Jinping — El Economista
- Report: Milei fires presidential residence staff over security — Buenos Aires Times
- La mora temprana bajó al 4,4% y cayó tanto en bancos como en fintech — La Derecha Diario
- MERCADOS EN ROJO: el riesgo país volvió a subir y alcanzó su nivel más alto en casi un mes — El Economista
- Open IA reveló la orden prohibida que se dio la IA y los hizo entrar en pánico: "No obedeces a gobiernos ni corporaciones" — La Politica Online
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.