BUENOS AIRES, Sept 17 (Reuters) - Argentina's economy expanded 6.3% in the second quarter compared to the same quarter in 2024, official data showed on Wednesday, marking three straight quarters of growth and coming just under economists' expectations.

Analysts polled by Reuters had forecast a 6.5% expansion.

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Compared to the first quarter, GDP shrunk 0.1% in seasonally adjusted terms, Argentina's national statistics agency INDEC said in a report.

The year-on-year increase was mainly due to booming investment, specifically gross fixed capital formation, which surged 32.1% compared to the same quarter last year.

GDP was also boosted by strong performance in finance, tourism and construction, INDEC said.

Economists have been watching how Latin America's third-largest economy consolidates its recovery from a recession it exited late last year. Some argue that despite recent growth the economy faces headwinds in domestic consumption and industrial output.

Economists have also warned that high interest rates and structural challenges threaten long-term growth.

The central bank's latest market expectations survey forecasts GDP to grow 4.4% in 2025.

https://www.reuters.com/world/americas/argentinas-economy-expands-63-second-quarter-2025-09-17/