Argentina places 2021 industrial output outlook above 6%

16.03.2021 - Davydova Maria
Argentina places 2021 industrial output outlook above 6%

Argentina’s Productive Development Minister Matias Kulfas foresees a 5% to 6% economic expansion this year. The outlook was in consideration of preliminary data, with the coronavirus’s impact also put into account.

A group of economists surveyed by the country’s central bank expected a 6.2% increase even after the economy recorded a 10% contraction in 2020. In addition to this, Kulfas believed that it was upbeat production and employment that prompted a shift in industrial policy.

The country’s economy has been fluctuating since 2018, and the government shut down large portions of the industrial sector as the coronavirus crisis raged on. But many restrictions were lifted in recent months, allowing the economy to recoup.

 

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.ai or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?