Argentina's economic landscape continues to challenge policymakers as the nation's GDP contracted further in the third quarter of 2024. According to updated figures released on December 16, 2024, the GDP has decreased by 2.1%, following a prior contraction of 1.7% in the second quarter of the same year. This trend denotes a deepening recession for the Argentinian economy.
This negative trajectory, observed through a year-over-year comparison, underscores the persistent economic challenges faced by Argentina. In this analysis, both the second and third quarters are compared to the same months from the previous year, highlighting a consistent decline in economic activity.
Policymakers in Argentina are under increasing pressure as they seek solutions to invigorate economic growth and stabilize the declining GDP, which could further complicate the country's social and economic frameworks if unabated. As rising inflation and external debt obligations weigh heavily on the nation's finances, the coming months will be critical in determining Argentina’s economic trajectory.
