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LatinNews Daily - 24 June 2020
In brief: Argentina’s growth slumps in Q1
* Argentina’s national statistics institute (Indec) has released new figures which show the country’s GDP fell by 5.4% year-on-year in the first quarter of 2020, although measures aimed to stop the spread of coronavirus (Covid-19) were only implemented in late March. The figures also show that GDP fell by 4.8% compared with the previous quarter. Also yesterday Indec released figures which show unemployment in the first quarter of 2020 reached 10.4%, up from 8.9% in the previous quarter and 10.1% in the first quarter of 2019.
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- In brief: Argentina’s growth slumps in Q1