Argentina - 03

Argentina: “Christmas in March”: Economy No Longer in Recession

Just as the Southern Hemisphere heads toward winter, President Mauricio Macri received a jolt of good news – a Christmas gift in March – regarding the trajectory of the Argentine economy. Figures released by INDEC, the national statistics agency, pointed to GDP growth in Q4 2016. INDEC also revised its figures to show the economy grew in Q3, thereby officially marking the end of the recession in Argentina.


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