Argentina’s economy sunk deeper into recession in the second quarter as ripple effects from President Javier Milei’s currency devaluation and austerity exacerbated a downturn. Gross domestic product declined 1.7% in the three months through June ...

Argentina's economy shrank 1.7% in the second quarter of the year compared to the previous three-month period, the country's statistics agency said on Wednesday, pushing the embattled South American nation deeper into recession.

Argentina's gross domestic product fell 1.7 per cent year-over-year, worse than analyst forecasts of a 1.4 per cent contraction compared with the year-earlier period.