Argentina · Country watch
JP Morgan Cuts Forecast; La Plata Storms Cause Outages
JP Morgan slashes Argentina's growth forecast; severe storms disrupt power in La Plata.
In this briefing La Plata · JP Morgan
Regulation
Nothing significant reported today.
Disruption
Severe storms cause power outages in La Plata
Severe storms have led to power outages in various parts of La Plata, with intense electrical activity and water accumulation on streets, El Dia reports. The northern and central urban areas are affected, with residents experiencing service interruptions since the morning. Authorities are working to restore power and address the disruptions caused by the weather conditions.
Impact Energy providers and logistics operators face operational challenges due to power outages and disrupted services.
Sources: El dia ↗
Internal tension
Nothing significant reported today.
Safety & health
Nothing significant reported today.
Companies
Nothing significant reported today.
Markets
JP Morgan slashes Argentina's growth forecast
JP Morgan has revised its growth forecast for Argentina, now expecting a 1.5% increase in GDP for 2026, down from an earlier projection of 2.7%, according to Perfil.com. The bank anticipates an annualized contraction of 4% in the third quarter, indicating a technical recession. The revision follows a significant drop in economic activity in July. JP Morgan maintains a 2.5% growth forecast for 2027, driven by exports, though private consumption is expected to remain stagnant.
Impact Lenders and investors face reduced growth expectations, impacting financial planning and credit assessments.
Sources: Perfil.com ↗, Infobae ↗, El Economista ↗
Argentina's country risk surpasses 600 points
Argentina's country risk, as measured by JP Morgan, has risen above 600 points, marking a more than 50% increase since July, Infobae reports. The surge is attributed to rising international interest rates, expensive oil, and uncertainties regarding reserves, financing, and national politics. This increase reflects growing concerns over the stability of Argentina's financial assets.
Impact Bondholders and financial institutions face increased risk premiums, affecting borrowing costs and investment decisions.
Sources: Infobae ↗
Trade
Nothing significant reported today.
Politics
Nothing significant reported today.
Also today in Argentina
- Aleksandar Vučic renunció a la presidencia de Serbia y abre el camino a elecciones anticipadas — La Derecha Diario
- Milei encabezará una reunión de gabinete y ultima detalles de su viaje a Francia — Cronica
- Aumentó la importación de los productos terminados, pero también el contrabando — Perfil.com
- Cuando gobernar es una experiencia fugaz — Clarin
- Cuba implementa más del 89 % de las reformas económicas aprobadas con respaldo jurídico — Infobae
- Centenares de jóvenes acampan en la Puerta del Sol y se preparan para varios días de movilizaciones: “Los avances nunca se han conseguido pidiéndolos por favor, sino desobedeciendo” — Infobae
- Mucha tensión: Irlanda jugó con brazalete negro y agachó la cabeza durante el himno de Israel — Ole
- Tres elecciones claves entre octubre y noviembre cuyos resultados serán decisivos para Argentina — Perfil.com
Sources in this briefing
Sources: each headline links to the original article on the publisher's site.
The same day elsewhere
- Brazil: Lula's Betting Ban Faces Legal Challenge, Investor Moves
- Canada: US Trade Ban Hits Canada, Alberta's Constitutional Vote
- China: Chongqing Landslide Alert, Mid-Autumn Tourism Boost
- Colombia: Security Concerns Rise, Tourism Revenue Grows
- Germany: Greenwashing Rules Tighten, Elbtunnel Reopens
- Egypt: Orange Invests in AI, Egypt Allocates EGP 80bn
- Spain: Madrid Housing Protests, Basque Bidding Challenges
- France: Fuel Aid for Fishers, Firefighters Protest in Paris
- United Kingdom: RAF Fairford Incident, Burst Pipe Disrupts Water Supply
- Indonesia: Halal Certification Begins, Aceh Floods, LPG Truck Crash
- Israel: Dutch Ban Hits Travelers, Leviathan Cancels Deal
- India: Bank Strike Averted, TRAI Telecom Rules, Heavy Rain Hits UP
- Iran: IRGC Captures US Drone, Iran-India Trade Expands
- Italy: Fuel Price Caps Expand, Usutu Virus Cases Rise
- Jordan: Insurance Rule Change, Debt Relief for Firms
- Japan: Kyushu Rain Alert, LDP Money Scandal, AI Security Warning
- Kenya: Insurance Reforms, Plastic Agreement, AI in Healthcare
- South Korea: Technology Leaks, Tourism Deficit, Business Sanctions
- Lebanon: Lebanon's IMF Talks Progress, Prison Strike Worsens
- Morocco: Electoral Fraud Arrests, Weather Warnings Issued
- Mexico: Hurricane Polo Hits Baja California Sur, US Diesel Export Threat
- Malaysia: Super El Nino Threatens Malaysia's Critical Systems
- Nigeria: Kano Security Restrictions, NDLEA Drug Seizure
- Netherlands: Hospital IT Outage, Merwedebrug Opens, D66 Congress Disrupted
- Poland: Poland's Windfall Tax Decision, Krakow Election Results
- Portugal: Emergency Landing in Porto, Sintra Unrest
- Russia: Dagestan Weather Disrupts, Russian Regions on Alert
- Senegal: Senegal Storms and Parliamentary Sessions
- Syria: Syria's Banking Expansion and Currency Struggles
- Turkey: Asset Freeze Lifted, Istanbul Floods Disrupt
- Ukraine: Russian Strikes Hit Odesa Port, Kyiv TV Outages
- United States: California Safety Laws, Nor'easter Floods, Oracle Debt
- Vietnam: Nam A Bank Secures $60M, Offshore Wind Policy Needed
- South Africa: Ramaphosa's Crime Directive, Spaza Shops Probe