Argentina’s economy contracts 0.6% in Q2, first quarterly shrink since 2024

The composition matters more than the headline miss: exports were the sole growth engine while every domestic demand component — consumption, public spending, investment — contracted, and unemployment rose. That points to a recovery resting on external demand rather than internal momentum, a fragile mix when a single quarter's contraction follows two years of expansion. Whether the sequential decline proves a one-off or the start of a broader slowdown is the open question, with the labour market the clearest signal to track.