Economics
Argentine Economic Recovery Falters Amid Tighter Lockdown Rules
- Economic activity rose 1.1% in July after bigger gains in June
- Slower activity came amid a stricter lockdown in early July
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Argentina’s economic recovery lost steam in July after the government re-imposed stricter quarantine measures in a failed bid to contain the pandemic.
Economic activity rose 1.1% in July from a month earlier, after two months of stronger gains as the economy rebounded from a historic drop in April. Activity fell 13.2% from a year earlier, worse than economists’ expectation for a 11.5% contraction.