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Argentina’s Economy Recovery Slows To a Crawl in December

  • Economic activity in December rose 0.9% m/m; -2.2% y/y
  • Slowest month of growth since massive contraction last April

Argentina’s economic recovery sputtered out in December, tallying its worst month since the start of the pandemic.

Economic growth month-over-month slowed to a crawl of 0.9% growth, down from 1.4% in November. After a short-lived bounce-back from the pandemic in May, the country still tallied an annual descent of 2.2% from December 2019, according to government data published Wednesday.