Argentine Economy Grows More Than Expected in First Quarter

Argentina’s economy grew more than expected in the first three months of the year as spending, consumption and financial services rebounded even as the nation’s trade surplus narrowed on increased imports.

The economy, the second-largest in South America, grew 3 percent in the first quarter from a year earlier, more than the 1.9 percent median estimate of three economists surveyed by Bloomberg. Argentina grew 1.9 percent in 2012.