LatinNews Daily - 24 February 2022

In brief: Argentina posts strong economic growth in 2021

* Argentina’s national statistics institute (Indec) has released the latest figures on its monthly index of economic activity (Emae), showing that economic activity expanded 0.9% in December 2021 compared with the previous month, marking the tenth month of positive growth. This brings growth last year to 10.3%. The strongest performing sectors in December 2021 were hotels & restaurants (+43.5% year-on-year), and transport & communications (+16.9%) while the only two sectors not to post growth were financial intermediation (0%) and fishing (-4.7%). The latest International Monetary Fund (IMF) World Economic Outlook growth projections, released on 25 January, estimate that Argentina’s GDP grew 10% in 2021 and forecast it will grow 3.0% this year, a 0.5 percentage point increase on the IMF’s previous (October 2021) estimate.

End of preview - This article contains approximately 128 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.