Argentina's economic activity shrunk 0.3% in November compared with the same month last year, marking the first monthly contraction of 2025, data from Argentina's national statistics agency showed on Wednesday.
The figure for Latin America's third-largest economy was below the 1.7% figure predicted by analysts polled by Reuters, and well below the 3.2% recorded in October.
Five of the sectors that make up the monthly economic activity indicator (EMAE) posted annual declines, led by fishing which fell 25%, while manufacturing slid 8.2%, wholesale and retail commerce declined 6.4% and construction fell 2.3%.
"Despite November's disappointing data, the outlook for 2026 is positive," said consulting firm Orlando Ferreres and Associates, which had estimated 1.6% growth for the month.
Since taking office in late 2023, libertarian President Javier Milei looked to fix the South American's No. 2 economy by boosting exports and slashing public spending. His policies have helped bring down inflation from a peak of nearly 290%.
The data came hours after Milei spoke at the World Economic Forum in Davos, where he blasted socialist governments and spoke in favor of cutting down market regulation.
Last month, Argentina posted a 3.3% expansion in its third quarter gross domestic product. Analysts have predicted 3.5% growth for the last quarter of 2025.
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Dozens of people were killed in Israeli strikes on Lebanon on Tuesday, Lebanese officials said, straining a fragile ceasefire agreed between the countries in April. The attacks came as Iran accused the U.S. of violating a separate ceasefire with strikes near the Strait of Hormuz.
Canada and the Bahamas announced on Tuesday that they will temporarily restrict entry for residents of the Democratic Republic of the Congo, Uganda and South Sudan following an Ebola outbreak in the region.
Latvia is strengthening its anti-drone capabilities along its borders with Russia and Moscow-allied Belarus after several drones entered the NATO member’s airspace, according to a senior military official.
NASA has revealed the next phase of its plan to build a permanent base on the Moon, outlining the vehicles, robotic landers and hopping drones it intends to send as part of the project.
A peace agreement between Washington and Tehran is yet to materialise, with U.S. President Donald Trump saying that negotiations are incomplete and an Iranian Foreign Ministry Spokesman saying that a deal isn't imminent.
Start your day informed with the AnewZ Morning Brief. Here are the top stories for 26 May, covering the latest developments you need to know.
The World Health Organization warned on Monday that the fast-moving Ebola outbreak in the Democratic Republic of the Congo and Uganda was outpacing response efforts, with 220 suspected deaths reported so far.
Iran has called Monday's U.S. strikes on it 'a gross violation' of their ceasefire. The U.S. military said it carried out defensive strikes in southern Iran after boats were seen laying mines in the Strait of Hormuz. Meanwhile, the U.S. says a peace deal may require several more days.
Shortly after nine o’clock on Tuesday morning (26 May), a sleek white train eased into Tbilisi’s central railway station, a couple of minutes behind schedule, carrying passengers from Baku for the first time since 2020.
BP has removed its chair, Albert Manifold, with immediate effect, citing concerns over governance and conduct. The company said its board had unanimously decided that Manifold should no longer serve as chair or director.
The dual-class share structure outlined in SpaceX’s initial public offering (IPO) filing, which gives chief executive Elon Musk outsized control, has reignited one of Wall Street’s longest-running debates over corporate governance.
Kevin Warsh will be sworn in as chair of the U.S. Federal Reserve on Friday as policymakers consider higher interest rates to tackle inflation linked to the Trump administration’s Iran policy.
A government-mediated agreement has suspended an 18-day walkout by about 48,000 Samsung union members, easing fears of damage to South Korea's economy and global chip supply.
Asian stocks surged on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers.
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