Argentina’s Economy Stalled as Inflation Spiked in July
- Economic activity flat compared with June; rose 5.6% y/y
- Political volatility in July sent inflation to 20-year high
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Argentina’s economy plateaued in July as a historic inflation spike caused by political volatility paralyzed some sectors.
Economic activity was flat at 0% in July from a month earlier, better than with economists’ expectations of a 0.8% decline. From a year ago, the economy grew 5.6%, according to government data published Monday.