Quick View: Argentine Economic Resilience In December Underpins Revision to 2023 GDP Estimate
Country Risk / Argentina / Fri 23 Feb, 2024
Latest: The December economic activity estimator index (EMAE) showed that the economic contraction came in 4.5% y-o-y (3.1% m-o-m). This reading is between our expectations of 6-7% y-o-y and Bloomberg consensus of 1.2%. While the scope of the print was surprising, the direction was not. As expected, economic weakness was most prevalent in the