The First Private Report Confirming the Recession
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The Argentine economy is going through a new phase of contraction that, if the private estimates of the third quarter were confirmed, could shape a technical recession.The General Activity Index (IGA), prepared by Orlando J. Ferreres & Asociados, recorded a 1.2% drop between July and September compared to the previous three months, a result that deepens [...] The entry Averts that the economy would have entered a technical recession: it fell 1.2…
Economic activity fell in September 0.8% year-on-year and progressed 0.1% compared to August, according to Orlando Ferreres’s consultant. Read more
Economic activity fell in September 0.8% year-on-year and progressed 0.1% compared to August, which confirms the recession of the economy, according to a private study. The General Activity Index (IGA) that prepares the Orlando Ferreres study - which was processed by Agencia Noticias Argentinas - specified that in the accumulated January September [...]
The activity fell in September and this completes two consecutive quarters to the downside.
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