Argentina’s GDP Contracted 10.2% in Third Quarter

Many restrictions have been relaxed since the country locked down against the pandemic in late March. The government expects GDP to clock 5% growth in full-year 2021.

RIO DE JANEIRO, BRAZIL - Argentina’s gross domestic product contracted 10.2% in the third quarter of 2020 versus the same 2019 period, the government’s Indec statistics agency said on Wednesday, December 17th, amid uncertainty about a possible retightening of COVID-19 lockdown measures.

Many restrictions have been relaxed since the country locked down against the pandemic in late March. The government expected a recovery to begin in the first half of next year and for gross domestic product to clock 5% growth in full-year 2021.

Some 41,204 people in Argentina have died from COVID-19 so . . .

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