MercoPress. South Atlantic News Agency
Argentine economy finally seems to have began a rebound
Last year was difficult as President Macri enacted a number of market-friendly reforms aimed at liberalizing the economy, which in the short-term led to rampant inflation. Argentina's economic activity rose 1.6% in December compared with the previous month, government data showed, a sign the economy likely expanded in the fourth quarter after a long recession. The economy fell 0.1% in December year over year and closed 2016 down 2.3% compared with 2015.
That ended a difficult year for Argentina as President Mauricio Macri enacted a number of market-friendly reforms aimed at liberalizing the economy and encouraging investment, which in the short-term contributed to rampant inflation.
The month-on-month rise in December shows the economy likely began a rebound in the fourth quarter of 2016 after four straight quarters of declines. Government statistics agency INDEC will publish fourth quarter GDP data next month.
Economic activity rose 1.2% month-on-month in November and was flat in October, Indec said in its report, both downward revisions from its estimates last month.
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Read all comments@ Kanye
Feb 27th, 2017 - 10:25 am +2He will claim it is fake news. That seems to be the moniker for any news you don't like.
Economic recovery:
Feb 26th, 2017 - 05:52 pm +1Enrique will be so disappointed!
Kanye:
Mar 02nd, 2017 - 05:52 am +1My boy has all the signs of a very young, inexperienced mind. No my dear, I will never be disappointed by true good news. I wish the article above reflects reality. It would provide deserve respite to Argentines. Who cares who governs as long as it benefits the majority of the population?
Let's uncork the champaigne! The recession is finally over. Over?
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