MercoPress. South Atlantic News Agency
Argentina industrial production up 1.2% in December, first time in 20 months
It was the first monthly rise since April 2018, amid a series of currency and debt crises that have sapped the economy and hit industries Argentina's industrial output rose 1.2% in December versus the same month a year earlier, the government statistics agency said on Wednesday, returning to positive territory for the first time in 20 months as the country grapples with the recession.
It was the first monthly rise in Argentina since April 2018, amid a series of currency and debt crises that have sapped the economy and hit industries from apparel to automobiles and wine production.
Center left president Alberto Fernandez, who took office in December, is racing to restructure around US$100 billion in sovereign debt payments, which the government says it cannot currently pay without reviving growth.
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Read all commentsNo comments for this story? Where in the world are now the Zaphods, imoyaros and golfcronies who delightedly commented under stories on Argentine's misfortunes?
Feb 08th, 2020 - 01:42 am 0Come on, people. You wouldn't be unwilling to put out a word now that Argentina is deftly working to climb out of the pit where it was thrown by the previous administration?
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