Argentine Economy Grew 5.2% in First Quarter From Year Ago

Argentina’s economy expanded at the slowest pace since 2009 in the first quarter, hampered by a slowdown in Brazil and drought-hit harvests.

South America’s second-biggest economy grew 5.2 percent from the year earlier, the National Statistics Institute said in Buenos Aires today. Expansion exceeded the 4.8 percent median estimate of eight economists surveyed by Bloomberg. The economy grew 0.9 percent from the fourth quarter of 2011.