The economy would grow by about 5.6% in 2021, with a strong acceleration in the second quarter, while exports would increase by 10%, due to higher prices of exportable products and the rapid economic recovery of trading partners, estimated the Development Research Foundation (FIDE). The positive performance of China and the signs of recovery in Brazil will have a favourable impact on the local economy, so the economic contraction would be less than expected this year and would reach 10.1%, lower than that included in the Budget.
Edelap, an electric energy distribution company that belongs to the DESA group informed that it would end 2020 with a substantial investment plan for 1,000 million pesos ($12.25 mn) in works that will allow it to improve and expand the electric service throughout its concession area.
The cost of the basic food basket presented an increase of 5.99% in November, according to the survey made by the group Free Consumers on a total of 21 warehouse products, fruits and vegetables, and meats. The substantial monthly increase was driven by the rise in meat prices, which increased by 7.2% during the month. Fruits and vegetables climbed 6.9%, and the warehouse item rose 3.5%.
Cement shipments grew in November for the third consecutive month in the year-over-year measurement. The year-on-year increase was 28%, with a monthly rise of 4.3% compared to October. It expects that the upward trend will continue in the coming months.
Grupo Logístico Andreani will invest in the next months $60 million to renovate its plants, create new branches and support the transformation process in technological innovation that this year meant the creation of 1,000 jobs, the company announced today.
The supermarket chain DIA will expand its franchise with the opening of 32 stores from now on and throughout next year, in the city and the province of Buenos Aires, which will generate 160 jobs. It will locate in the town and area of Buenos Aires. The supermarket chain experienced significant growth this year, with a positive impact on the beginning of the pandemic that later stabilized.
The company Rizobacter invested $4 million to set up two laboratories, update infrastructure and renew the fleet of vehicles to make a new leap in the production of biological inputs for agriculture. The funds used to develop two laboratories and carry out maintenance work at the plant located in Buenos Aires.