GDP fell 2.2% in Argentina

GDP fell 2.2% announced on Wednesday INDEC, so the accumulated fall during 2019 was 2.1%. The collapse of 5.8% in the first quarter explained most of the recession. According to data released by INDEC, the only component of the product that grew during 2019 was the exports, which climbed 9.4% compared to 2018. Imports plummeted 18.7%, private investment fell 15.9%, and private consumption fell 6.4%. Public spending contracted, although only by 1.5%.

Source: Ámbito