Argentina economic activity beats forecasts in December, down 10% in 2020

Argentina’s economy, in recession since 2018, was hit hard by the COVID-19 pandemic and a lengthy lockdown in the country to rein in new cases, though there have been signs of a revival in recent months as restrictions have been eased.

RIO DE JANEIRO, BRAZIL - Argentina’s economic activity fell 2.2% in the last month of 2020 versus a year earlier, better than the average 2.6% fall analysts had forecast, while activity was down 10% for the full year, also better than initial government projections.

Argentina’s economy, in recession since 2018, was hit hard by the COVID-19 pandemic and a lengthy lockdown in the country to rein in new cases, though there have been signs of a revival in recent months as restrictions have been eased.

Economy activity was up 0.9% in December versus the month . . .

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