Overview
- Argentina’s General Activity Index recorded 7.4% year-on-year growth in June alongside a 0.7% monthly rise that left activity below February’s pre-contraction level.
- INDEC’s Monthly Economic Estimator showed a 0.1% drop in May and a deceleration from 1.3% expansion in Q1 to a 0.5% gain in the second half of the year.
- Consultora Invecq projects Argentina could grow just 1% in the rest of 2025 absent structural reforms as high interest rates and inflation targets weigh on expansion.
- Mexico’s INEGI data revealed a 0.7% seasonally adjusted GDP increase in Q2 and a 0.9% year-on-year rise in the first half driven by secondary and tertiary sectors.
- Banamex, Banco Base and Goldman Sachs have lifted Mexico’s full-year GDP forecasts to between 0.35% and 0.5% as external tariff threats and weaker remittances pose risks.