End of preview - This article contains approximately 124 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 27 January 2021
In brief: Argentina’s economic activity continues to pick up
* Argentina’s national statistics institute (Indec) has released the latest figures for the monthly indicator of economic activity (Emae), used as a preview of GDP growth, which show that the country’s economic activity contracted by 3.7% year-on-year in November 2020, as a result of the continued impact of the coronavirus (Covid-19) pandemic. This is the smallest year-on-year contraction since February 2020. The figures show that the biggest falls were in hotels & restaurants (-53.2%) and transport & communications (-18.2%), while growth was registered in financial intermediation, which was up 11.7%; wholesale; retail & repair, up 3.9%; and manufacturing, up 3.7%. The United Nations Economic Commission for Latin America and the Caribbean (Eclac) estimates that Argentina’s GDP contracted by 10.5% in 2020.
- BRAZIL: Pressure grows on Bolsonaro
- PERU: Sagasti announces return to lockdown
- In brief: Bolivia records reduced annual trade deficit
- In brief: Brazil’s central bank warns over uncertain recovery
- GUATEMALA: Congress swears-in contentious CC judge
- In brief: Honduras registers drop in trade deficit
- MEXICO: UN voices concerns over Tamaulipas atrocity
- In brief: Investment in new hydrocarbons storage terminal announced in Mexico
- ARGENTINA: Fernández mends fences with Chile
- In brief: Argentina’s economic activity continues to pick up