Macroeconomy/Finance

The economy contracted 1.8% in January and accumulated 19 falls in the last 21 months

The economic activity during January fell 1.8% concerning the same month last year, the Monthly Economic Activity Estimate (MEA) during January was 0.1% below last December’s record. The most significant interannual declines were in Agriculture and Livestock, with a decrease of 6.8%, Industry (-1.3%), Construction (-13.7%) and Banks and Financial Intermediation (-7.8%). The EMAE includes several of the components that comprise the Gross Domestic Product (GDP), which decreased by 2.2% in 2019.

Source: Ámbito

Categories: Macroeconomy/Finance