Economics
Argentina’s Economy Caps Strong Second Half With December Rebound
- Economic activity in December rose 0.9% from previous month
- Government is expected soon to reach a deal with the IMF
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Argentina’s economy capped a strong second half of growth as it emerged from a long recession last year ahead of an expected new deal in the coming weeks with the International Monetary Fund.
Economic activity in December rose 0.9% from the prior month, in line with economists’ expectations. From a year ago, the economy expanded 9.8% in the final month of the year, according to government data published Wednesday. The annual figure was below expectations for an 11% gain.