Argentina's economy fell 2.1% in February 2026 compared to the same month in the previous year, according to official INDEC data released this week. The result marks a reversal after the growth recorded in January.
Argentina's economy has been undergoing a severe adjustment period under Javier Milei's government, which adopted a program of public spending cuts and subsidy reductions to rebalance public accounts and contain chronic inflation. The country recorded 4.4% growth in 2025, but analysts expected the fiscal adjustment to have a recessionary effect in the short term.
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (4)
In the seasonally adjusted series, the decline was 2.6% compared to January 2026
Manufacturing industry fell 8.7% and wholesale and retail trade dropped 7.0%
No gaps declared — all sources converge on the material facts.