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.

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