Argentina’s economic activity likely plunged 5.9% year-on-year in February, according to a Reuters poll, which would make a fourth straight monthly slide amid tough austerity measures under new libertarian President Javier Milei. According to the mid-April poll, the 11 analysts estimated declines for the month ranging from 4.1% to a maximum 7.1% year-on-year, with stronger farming and mining activity offset by a sharp slide in consumption, manufacturing and construction sectors.
April 22, 2024
SOURCE: INVESTING
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