Economic activity is beginning to show signs that a recession is on its way in Argentina – the likelihood of one arriving is 98.6 percent, according to a new report from the finance research centre of the Universidad Torcuato Di Tella (UTDT). The report is based on August data and indicates a leap of 41 percentage points compared to July, when the expectation of a recession was 56.1 percent. The UTDT centre report shows that in August., its advanced indicator of economic activity experienced a 4.7 percent fall from the previous month, whereas the trend series-cycle dropped by 1.2 percent. “This effect is usually first seen in business loans, where companies adjust their demand compared to the higher cost,” he stated. It is not until 2030 that energy exports are expected to amount to US$30 billion.