Argentina Tasso di Crescita annuale del PIL

Argentina’s economy shrank by 1.4 percent year-on-year in the three months to December of 2023, compared to market expectations of 1.5 percent contraction and accelerating from a 0.8 percent decline in the September quarter. It was the third straight quarter of contraction led by a sharp fall in manufacturing production (-6% vs -3.6% in Q3); wholesale, retail and trade repairs (-3.9% vs 0.9%) and electricity, water and gas (-5.1% vs 2.5%). On the other hand, the agriculture sector advanced (+6% vs -7.6%) following a historic drought which impacted grain production. On a quarterly basis, Argentina GDP dropped by 1.9% in the fourth quarter after advancing by 2.2% in the previous period.