Argentina is slipping into a technical recession as President Milei's reforms have increased Argentina's national debt, reduced the number of jobs, and have yielded no results other than a slight decrease in the rate of inflation. Argentina's economy has entered a technical recession, marking the second consecutive quarter of decline. The overall economic activity index, compiled by the consulting firm Orlando Ferreres y Asociados, shows a decrease of 1.2% in the third quarter, while the Center for Quantitative Research in Business (CECN) at the University of San Andrés estimates a decline of 2.66% compared to the second quarter. Approximately three years after the implementation of President Javier Milei's program, which included radical measures aimed at balancing the budget and stopping hyperinflation, economic growth has failed to materialize. Current data indicate negative trends in virtually all sectors: production is falling, the slowdown in inflation has stalled, and it has once again exceeded 30%, the number of officially registered jobs is decreasing, lending in pesos is shrinking in real terms, and the country's risk level has more than doubled since July. Milei dismisses this diagnosis, stating in September that there is "no recession," but rather a "slowing of growth," and he questions the official data that supports this. At the same time, the number of people living in poverty in the country is increasing, and each reporting quarter sets a new record.