In September Economic activity fell 0.3% from August, compared with the median estimate for 0.9% growth of economists surveyed by Bloomberg. From a year ago, activity fell 3.3%, according to government data.Nevertheless, South America’s second-biggest economy is showing incipient signs of recovery, with wage growth outpacing inflation for the sixth consecutive month in September and consumer spending and manufacturing showing gains in recent months.
November 22, 2024
SOURCE: BNN BLOOMBERG
Argentina’s Economy Unexpectedly Shrank Amid Austerity Push