Unemployment in Argentina
Argentina - UnemploymentGDP growth accelerated on an annual basis in Q2, supported by a low base effect and an upbeat construction sector, although the economy shrank in sequential terms amid tougher restrictions. Turning to Q3, while annual growth likely slowed due to a fading base effect, activity should have rebounded sequentially amid a supportive external sector and somewhat less downbeat consumer sentiment. Meanwhile, the country made a USD 1.9 billion payment to the IMF in September, in a bid to reach a new deal over its remaining debt. Moreover, in the same month the government presented the draft 2022 budget, which sees the fiscal deficit at 3.3% of GDP and economic growth at 4.0%. In politics, following a defeat for Alberto Fernández’s leftist party in September’s mid-term congressional primaries, the president reshuffled his cabinet and announced new stimulus measures, starting with an immediate minimum wage hike.
Argentina - Unemployment Data
5 years of economic forecasts for more than 30 economic indicators.
Argentina Unemployment Chart
Source: National Statistical Institute (INDEC).
|Bond Yield||6.69||0.15 %||Dec 17|
|Exchange Rate||59.88||0.45 %||Dec 30|
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October 22, 2021
Merchandise exports soared 59.8% over the same month last year in September, following August’s 63.5% jump.
October 22, 2021
The monthly indicator for economic activity (EMAE) grew 12.8% year-on-year in August (July: +11.8% yoy).
October 8, 2021
Industrial output rose 13.8% in year-on-year terms in August, which was a stronger expansion than July's 12.5%.
October 6, 2021
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 40.5 in September from 39.8 in August, marking the best reading since November 2020.
September 29, 2021
The monthly indicator for economic activity (EMAE) grew 11.7% year-on-year in July (June: +11.7% yoy).