GDP

In May, Argentina’s economy experienced a contraction for the third time this year, driven by prior wage declines and increasing unemployment, which likely exerted pressure on consumer spending. Economic activity experienced a decline of 0.1 percent from April, falling short of economists’ expectations for growth of a similar magnitude, while the previously reported positive figure … Read more

With a 1.9% increase over the previous month, Argentina’s economy expanded at a faster rate than anticipated in April following President Javier Milei’s decision to relax certain currency controls, which is part of a US$20-billion agreement with the International Monetary Fund. Following a significant contraction last year at the onset of Milei’s austerity measures, economic … Read more

Argentina’s economy increased faster than predicted in February, cementing President Javier Milei’s rebound a week after he signed a US$20-billion IMF pact. According to government figures released Tuesday, economic activity climbed 5.7 percent from the same month a year ago, compared with the median expectation of 5.5 percent. Monthly activity grew 0.8 percent after 0.6 percent … Read more