Economics
Argentina’s Economy Posts Strong Third Quarter Rebound
- Argentina economy in 3Q expanded 4.1% q/q; 11.9% y/y
- Government expects the economy to grow close to 10% this year
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Argentina’s economy rebounded in the third quarter as a vaccination campaign picked up momentum and the government spurred activity by shedding most of its Covid-19 lockdown restrictions.
Gross domestic product expanded 11.9% in the quarter from a year ago, just below analysts’ estimate for 12% growth. The economy grew 4.1% compared to the previous three-month period, according to government data published Thursday. The recovery followed a second quarter contraction.