Argentina’s economic activity showed a year-on-year increase of 2.4%, marking a decline from the previous figure of 2.9%. This represents a decrease of 0.5 percentage points, indicating a slowdown in economic growth.
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The actual result fell short of analyst estimates, which anticipated a 2.5% growth. This shortfall is likely to weigh on investor sentiment, particularly affecting sectors sensitive to economic cycles such as consumer discretionary and industrials. The market impact may be more sentiment-driven in the short term, as investors reassess growth expectations and potential policy responses.