“Argentina's Economy Reels Towards Recession, Testing Milei Ahead Of 2027 Vote”

Key points

• Family-owned Eseka factory in Buenos Aires reports 40% sales drop since Milei took office.
• Economists say Argentina likely slipped into recession in Q3, with GDP down 0.6% in Q2.
• About 32,300 businesses closed from December 2023 to July, roughly 6% of firms.
• Consumption fell 2.7% in first nine months of the year versus 2025.
• Energy, mining and agriculture boost exports, but domestic sectors remain weak.