Economics
Argentina’s Economy Slumps 16.2%, Narrowly Beating Forecasts
- Economic activity plunged at start of nationwide lockdown
- Argentina posts worst quarterly decline since at least 2004
This article is for subscribers only.
Argentina’s economy posted its sharpest quarterly contraction in recent history, though still narrowly beat economists’ forecasts.
Economic activity declined 16.2% in the second quarter compared to the first, reflecting the full impact of a nationwide Covid-19 lockdown implemented in late March. Economists had forecast a 16.6% quarterly decline.