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Economic Activity Fell 2.9% Annually in February and the Recovery Slowed Down Due to Weak Industry and Consumption
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The economy fell again in February, slowed down the January improvement and exposed a disparate scenario, with industry and consumption still weakened against the momentum of the exporting sectors.
·Argentina
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Industrial production had an annual decline of 3.9 per cent in February and thus completed eight consecutive months of decline, according to the report of the Latin American Economic Research Foundation (FIEL). The organization stated that “to the challenges of the local context in terms of competition and weak demand facing the industry, adds the potential impact of the conflict in the Middle East on direct costs of energy and indirect costs as…
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