MercoPress. South Atlantic News Agency
Argentina's GDP expands 2,7% in second quarter over a year ago
The announcement is good news for President Mauricio Macri’s “Let’s Change” coalition ahead of mid-term congressional elections next month. Argentina’s gross domestic product grew 2.7% in the second quarter versus the same period last year and expanded by 0.7% versus the first three months of 2017, the government’s Indec statistics agency said.
The announcement is good news for President Mauricio Macri’s “Let’s Change” coalition ahead of mid-term congressional elections next month.
Argentina’s economy exited a prolonged recession in the second half of last year. But the recovery, hampered by inflation expected by private analysts at about 22% this year, has been sluggish.
The manufacturing sector posted positive growth in the second quarter, up 2.5%, for the first time since Macri’s government started publishing revamped GDP statistics in the second quarter of 2016. Construction helped lead growth, rising 9.7%.
The Argentine economy has grown 1.6% in the first half of the year from a year earlier, and the government expects it to end the year growing around 3%. The 2018 budget forecasts growth of 3.5%.
Indec also revised first quarter GDP growth to 0.4% from a year earlier, compared to 0.3% first reported.
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Read all commentsWhat, no comment from the usual suspects?
Sep 28th, 2017 - 07:47 pm 0Poor, poor Reekie.
Sep 30th, 2017 - 01:13 am 0It must be straining to maintain his pessimism.
My guess is he's off trying to bamboozle some other English speakers somewhere, not having had much luck convincing anyone here. Don't worry, when he once again fails, he'll be back... ;)
Sep 30th, 2017 - 05:47 am 0Commenting for this story is now closed.
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