Argentina’s Economy Beat Expectations Again in December
- Economic activity in December rose 0.5% m/m; estimate at 0.2%
- Argentina exited recession in the third quarter of 2024
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Argentina’s economy expanded more than expected in December, solidifying the country’s bounceback in the last quarter of the year under President Javier Milei’s watch.
Economic activity rose 0.5% from November, more than the 0.2% median estimate of economists surveyed by Bloomberg. Monthly growth beat expectations the previous month, too. From a year ago, the gross domestic product proxy grew 5.5%, compared with the median estimate of 3.5%, according to government data published Tuesday.