INDEC

Argentina Economy

Economy Shrinks More Than Anticipated Post-Midterms

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Argentina’s economy experienced a contraction for the second consecutive month in November, following a midterm election that triggered a significant market sell-off. The INDEC national statistics bureau reported on Wednesday that economic activity decreased by 0.3 percent from October, following a 0.4 percent decline in the previous month. Economic activity contracted by 0.3 percent relative … Read more

Blue Dollar Updates

INDEC Defends Its Methods Amid Economists’ Scrutiny of Growth Data

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The INDEC, provided an explanation of its methodology for calculating economic activity figures for September, revealing growth despite widespread expectations among economists of an impending recession. Source indicated that the rise was primarily attributable to a statistical correction stemming from its seasonal adjustment methodologies and the robust performance of the financing sector. The incorporation of … Read more