Argentina’s Economy Grew in August Despite Political Crisis
- Economic activity in August grew 0.4% m/m and 6.4% y/y
- Annual inflation has accelerated to new, 30-year high
Argentine peso banknotes.
Photographer: Sarah Pabst/BloombergThis article is for subscribers only.
Argentina’s economy expanded in August even after a political crisis within the ruling coalition sparked uncertainty and propelled inflation to historic highs.
Economic activity increased 0.4% in August compared to July, compared to expectations for a 0.5% drop from analysts in a Bloomberg survey. From a year ago, the economy grew 6.4%, according to government data published Thursday.