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...
Economic activity continued to expand in March
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Economic activity continued to expand in March
Fourth week
May 2011
According to EMAE-INDEC activity grew 0.5% relative to last month, in line with growth in the first two months (0.5%), although clearly below the last quarter (1.1%) of 2010, according to our estimates growth was even higher.
Activity grew 7.8% y/y according to EMAE-INDEC and 7.6% according to our estimates, the variations seem to be “converging” here too, like the ISAC-INDEC and our construction index in the last months.