Economics
Argentina’s Economy Expands More Than Expected in November
- Economic activity rose 1.7% m/m after contracting in October
- Tourism, mining, transport led annual activity growth of 9.3%
Shoppers enter a boutique store in Buenos Aires.
Photographer: Erica Canepa/BloombergThis article is for subscribers only.
Argentina’s economy expanded more than expected in November, as its post-pandemic recovery regained momentum despite political noise and uncertainty related to debt talks with the International Monetary Fund.
Economic activity rose 1.7% from October, the fastest pace since June and above analysts’ expectations for a 0.9% expansion. From a year ago, it grew 9.3%, according to government data published Tuesday.