Argentina’s economy unexpectedly contracted in June, shrinking for the fourth time in six months as a deep recession weighs down early signs of recovery. Economic activity dropped 0.3% in June from May, compared with analysts’ expectations for 0.4% growth. From a year ago, activity fell 3.9%, according to government data. Almost all sectors in Argentina’s economy posted annual declines except for farming, fishing and mining.
August 21, 2024
SOURCE: BNN BLOOMBERG
MORE COVERAGE:
Argentina Economy Contracted in June as Recession Grinds On