As expected, the Fund's Board of Directors approved the review of Argentina's program, although it made it clear that Massa failed to meet all goals. The IMF applauds the fiscal effort promised by...
Latam 8 September 29
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Latam 8 September 29
Economic activity grew 0.8% in July and 11.7% in the year-on-year comparison. This recovery is being led by Manufacturing, Commerce and Real Estate activities. Additionally, as the vaccination process continues and the pandemic seems to be giving in, consumption-related sectors will take the lead. That is the case of Cinemas, Theaters, Restaurants or Tourism. Electoral measures will be another factor that could contribute to boost economic growth. In part due to the statistical carryover that left last year, we expect the economy to grow 8% this year and 2.5% next.