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.


The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong