26 Jan 2022, 11:56

Argentine GDP grew 10.3% in first 11 months of 2021

BUENOS AIRES, Jan 26, 2022 (BSS/AFP) - Argentina's economy grew 10.3
percent in the first 11 months of 2021 from the same period a year earlier,
the Indec statistics institute said Tuesday.

  For the month of November, GDP grew 9.3 percent year-on-year and 1.7
percent from October, it said.

  The data suggests Argentina is exiting the recession it fell into in 2018,
worsened in 2020 -- when GDP dropped 9.9 percent -- by the coronavirus

  Economic growth is a key target for the center-left government in its
negotiations with the International Monetary Fund on refinancing a $44
billion loan.

  Analysts expect the economy would have grown by 10 percent for 2021 as a
whole. For 2022, the IMF has projected growth of 3.0 percent.

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