Back

Economy & Business - August 2006

ARGENTINA: Slight signs of a slowdown

Although the economy grew by 8% in the first half of 2006, according to the official statistical agency Indec, there are, finally, signs that the rate of growth may be slackening. The most telling indication is the continuing lack of investment by industry. In July industrial capacity usage stood at a comparatively feeble 72.9%. A thumping 81% of companies said that they did not expect to invest in expanding their capacity any time soon. The remainder were equally divided: half expected to cut their use of industrial capacity and half to increase it.

End of preview - This article contains approximately 725 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Back