Argentina’s Economy Shrank More Than Expected After Midterms
Workers assemble air conditioners at a factory in Rio Grande, Tierra del Fuego, Argentina.
Photographer: Lujan Agusti/BloombergArgentina’s economy contracted for a second consecutive month in November on the heels of a crunch midterm election that had precipitated a sharp market selloff.
Economic activity fell 0.3% from October, the national statistics agency said Wednesday, after a 0.4% decline in October. Economic activity also shrank 0.3% compared with the same month of the previous year, far below the median estimate of 2% growth from economists surveyed by Bloomberg.