Weekly Report - 28 September 2017 (WR-17-38)

ARGENTINA | Economic recovery picks up pace. Argentina’s GDP increased by 2.7% year-on-year in the second quarter, according to economic growth figures released by the national statistics institute (Indec) this week. The second quarter results bring the accumulated growth figures for the first six months of the year to 1.6%. This is the second consecutive quarter that Argentina’s economy has posted positive growth year-on-year on Indec figures (and the third consecutive quarter in which there has been quarter-on-quarter growth), suggesting that the economy is recovering following the 2.3% contraction it posted in 2016.

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