Economy plunges at unprecedented pace in q2 amid strict lockdown. In april argentina s economy fell by 26 4 percent from the year before and even in may when the strict measures began to be relaxed in the provinces the economy still plummeted by 20 6.
Argentina was facing a third year of recession in 2020 even before the coronavirus hit.
Argentina economy 2020. Felipe evangelista is sitting down at the café he has owned for nearly four decades and all he can see are upside down chairs stored atop empty tables. Argentina was facing a third year of recession in 2020 even before the coronavirus hit. Inflation falls again in august.
Argentina s economic freedom score is 53 1 making its economy the 149th freest in the 2020 index. During a protest against government ordered lockdown and its economic consequences at the obelisk on august 17 2020 in buenos aires argentina. Now with the pandemic s economic shock some analysts foresee a record contraction in the crisis prone.
Now with the pandemic s economic shock some analysts foresee a record contraction in the crisis prone. This page has economic forecasts for argentina including a long term outlook for the next decades plus medium term expectations for the next four quarters and short term market predictions for the next release affecting the argentina economy. I n addition to facing an acute covid 19 crisis argentina s deadbeat economy is collapsing and as usual the inflation noose is around argentines necks.
Argentina s latest crisis follows years of efforts to reinsert itself into the global economy following its default in 2001 on about 100 billion in debt which led to one of the largest. Its overall score has increased by 0 9 point primarily because of a higher government. It s a rather unusual sight.
Economic activity in the second quarter nosedived 19 1 year on year following the first quarter s softer 5 2 slump according to the statistical institute indec. Social isolation and restrictions continue in. Argentina s official inflation.