Argentina’s weak August rebound makes third-quarter technical recession likely

Argentina’s economic activity rose just 0.1% in August after falling nearly 3% in July, the Buenos Aires Herald reports. With GDP down 0.6% in the second quarter, Banco Provincia analysts calculated that September activity would need to jump 8.5% month over month to avoid a technical recession. That remained a forecast as of Oct. 21: September activity and third-quarter GDP had not yet been released.