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Sunday, February 23, 2020

Argentina economic activity edges down 0.3% in December

© Reuters.  Argentina economic activity edges down 0.3% in December© Reuters. Argentina economic activity edges down 0.3% in December

BUENOS AIRES (Reuters) - Argentina's economic activity fell 0.3% year-on-year in December, the country's National Institute of Statistics and Census (INDEC) said on Friday, the fifth straight month of declines as the country grapples to revive growth.

A Reuters poll of analysts had estimated an average contraction of 2.1% year-on-year as the country navigates through a serious economic crisis with a tepid economy and stubbornly high inflation that is unlikely to ease soon.

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