{"id":6635,"date":"2020-12-18T14:13:40","date_gmt":"2020-12-18T17:13:40","guid":{"rendered":"https:\/\/www.fdinternational.com\/dev\/?p=6635"},"modified":"2020-12-18T14:13:40","modified_gmt":"2020-12-18T17:13:40","slug":"reuters-estados-unidos-update-1-argentina-says-economy-shrank-10-2-in-q3-2020-vs-same-2019-period","status":"publish","type":"post","link":"https:\/\/www.fdinternational.com\/dev\/fdi-en-los-medios\/reuters-estados-unidos-update-1-argentina-says-economy-shrank-10-2-in-q3-2020-vs-same-2019-period\/","title":{"rendered":"REUTERS – ESTADOS UNIDOS: UPDATE 1-Argentina says economy shrank 10.2% in Q3 2020 vs same 2019 period"},"content":{"rendered":"

Fecha<\/strong>: 18 de diciembre, 2020<\/em><\/p>\n

Si desea leer la nota en Reuters, haga click aqu\u00ed<\/a><\/strong><\/em><\/span><\/p>\n

REUTERS – ESTADOS UNIDOS🇺🇸: UPDATE 1-Argentina says economy shrank 10.2% in Q3 2020 vs same 2019 period<\/span><\/h2>\n
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BUENOS AIRES, Dec 16 (Reuters) – Argentina\u2019s gross domestic product contracted 10.2% in the third quarter of 2020 versus the same 2019 period, the government\u2019s Indec statistics agency said on Wednesday, amid uncertainty about a possible retightening of COVID-19 lockdown measures.<\/p>\n

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

\u00a0Some 41,204 people in Argentina have died from COVID-19 so far, according to official data, with fatalities surging in the interior of the country. There has been speculation that the government may again tighten restrictions, but officials have not said whether a tighter lockdown is under consideration.<\/div>\n

\u201cCompanies in every industry are having trouble finding basic materials needed to produce and to sell. This is still constraining the offer in the economy,\u201d said Mariano Sardans, head of Buenos Aires-based FDI Wealth Management.<\/p>\n

\u201cBut when you go out to the street, you can see that a recovery is taking place compared with a very low base earlier in the year when people were basically at home doing nothing,\u201d Sardans added.<\/p>\n

With the central bank printing pesos to help fund the Treasury and pay for COVID-19 relief programs, consumer prices rose 3.2% in November and 30.9% in the first 11 months of the year, according to government data released on Tuesday.<\/p>\n

Recoveries throughout Latin America are under threat from a fresh rise in COVID-19 cases, particularly in Brazil, Mexico and Chile, Capital Economics said in a note.<\/p>\n

\u201cStringent restrictions and high caseloads suggest that economic activity in the region will probably get worse before it gets better,\u201d it said. (Reporting by Hugh Bronstein and Walter Bianshi; additional reporting by Jorge Otaola; editing by Chris Reese and Jonathan Oatis).<\/p>\n

Fuente:\u00a0Reuters<\/a><\/strong><\/p>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n<\/section>\n

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