The president Javier Milei gave a television interview this Sunday on LN+, where he analyzed the country's economic situation, reviewed each economic indicator one by one, and rejected the media operations that claim Argentina is in recession and defended the growth prospects of the economic program.
During a conversation with Luis Majul on La Cornisa, the president referred to the latest activity indicators and questioned the interpretations that anticipate the economy could accumulate two consecutive quarters of contraction. “What we have is a deceleration,” Milei stated. In that sense, he questioned the functioning of the seasonally adjusted indicators in a context of profound changes in the Argentine economy.
“The indicators are showing anything,” the President maintained, explaining that the seasonally adjusted series are developed based on the historical behavior of the economy and can present distortions when numerous structural changes occur.
As Milei explained, for that reason the Government pays special attention to the trend-cycle component of the economic indicators. “The economy is undergoing many structural changes,” he pointed out.
The statements come after new activity data was released and JP Morgan projected a contraction for the third quarter of 2026, following a 0.6% drop in GDP during the second quarter. The U.S. entity also lowered its growth estimate for this year to 1.5%.
