Argentine economy technically ends 18-month recession

Argentina’s economy grew in the third quarter 0.9% from the April-June period, its first quarterly expansion since 2017, technically ending an 18-month recession. Although it is faster than the 0.6% forecast by economists surveyed by Bloomberg, the country is poised to slip right back into recession, according to a Central Bank survey of economists who forecast quarterly contractions in the end of the year as well as in the beginning of 2020.

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Source: Bloomberg

Categories: Macroeconomy/Finance