Milei Denies a Recession and Says Indicators Are “Throwing Out Anything”
46 Articles
46 Articles
Milei denies a recession and says indicators are “throwing out anything”
Argentine President Javier Milei denied the country is in recession and questioned the reading of statistics showing rising poverty and falling economic activity. 'The indicators are throwing out anything,' he said on Sunday in an interview with journalist Luis Majul on the programme La Cornisa, on the LN+ channel.
The ultra president reaffirms his economic plan and questions the statistics showing an increase in poverty and a fall in activity
The president of the Nation, Javier Milei (La Libertad Avanza) assured during an interview granted to the program “La Cornisa”, which is broadcast by LN+, that
After the July data, JP Morgan pointed out that, by excluding the 2020 confinement, the 2008 financial shock and the 2018-2019 crisis, no month since 2004 had a similar fall. It projects a contraction of 4% in the third quarter in Argentina.
The president minimized the last drop in activity and awarded it to “the sudden changes” the country is experiencing. “There is a slowdown in the rate of expansion,” he said.
The bank cut its growth forecast for this year to 1.5 per cent and estimated that private consumption will increase by just 0.4 per cent in 2027, compared with 3.4 per cent in the draft budget.
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