Argentina Economic Activity Expands at Fastest Pace in Two-and-a-Half Years
Argentina's economic activity rose 5.5% in December compared with the same month in the prior year, growing at its fastest pace since mid-2022, official data showed on Tuesday. The increase also beat a 3.5% expansion expected by analysts surveyed by Reuters in the grain-rich South American nation. Argentina's economic activity increased 0.5% in December versus a month earlier, the third monthly increase in a row.
- This uptick in economic activity may signal a potential end to the recession that has plagued Argentina since 2018, and could have significant implications for the country's ability to meet its debt obligations.
- How will the government's fiscal policies be adjusted to sustain this growth trend and address the underlying structural issues that led to the previous economic downturn?