Economics
Argentine Economy Regained Momentum, Expanding in February
- Economic activity in February rose 1.8% m/m; 9.1% y/y
- IMF program forecasting growth this year between 3.5% and 4%
Pedestrians walk past the Casa Rosada in Buenos Aires, Argentina, on Monday, Dec. 6, 2021.
Photographer: Erica Canepa/BloombergThis article is for subscribers only.
Argentina’s economy bounced back in February and expanded at its best pace in several months, despite a contraction in the previous month.
Economic activity expanded 1.8% in February from January, the fastest monthly pace since June 2021, according to government data published Thursday. From a year ago, the economy expanded 9.1%. Led by tourism, the increase happened in one of the country’s peak months for summer vacation, and compares to a year ago, when tourism was limited as covid vaccines were in the early stages of a rollout.