Denying a recession J.P. Morgan sees

Milei denies recession as J.P. Morgan forecasts a Q3 contraction

The president says the indicators are ‘throwing out anything’; the bank says output shrank. Meat consumption is at record lows.

if he names it a recession, the whole chainsaw story becomes a cost rather than a cure. so the data is wrong, the forecasters are wrong, and the vibe is fine — until someone checks the butcher’s queue.

J.P. Morgan flags Q3 contraction