Argentina's economy contracted 2.2% on the year in February, indicating that the country's widely expected fiscal recovery may end up being slower than anticipated this year. The economy also shrank 1.9% from the previous month, the national statistics agency Indec reported. The data come after Argentina's economy grew 1.4% on the year in January.
The lower house of Paraguay's Congress has voted overwhelmingly to reject a constitutional amendment that allowed the president to seek re-election. The proposal triggered riots last month, with protesters setting fire to part of the Congress building.