Story perspectives

Argentina GDP shrinks 1.5%, missing forecast, jobs tumble.

6/30/2026

Summary

Story summary

Argentina’s economy contracted 1.5 % in April 2026, missing Bloomberg Economics’ 1 % forecast.
Agriculture, livestock, hunting, forestry and mining drove modest gains as manufacturing and retail declined.
Unemployment rose as the formal labour force shed nearly half a million jobs in Q1.
Economists warned the April results confirm fragile growth and lack sustained expansion.
The Central Bank’s May survey projects 2.9 % GDP growth and inflation easing to 30.5 % in 2026.

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Story summary

Argentina’s economy contracted 1.5 % in April 2026, missing Bloomberg Economics’ 1 % forecast.
Agriculture, livestock, hunting, forestry and mining drove modest gains as manufacturing and retail declined.
Unemployment rose as the formal labour force shed nearly half a million jobs in Q1.
Economists warned the April results confirm fragile growth and lack sustained expansion.
The Central Bank’s May survey projects 2.9 % GDP growth and inflation easing to 30.5 % in 2026.