Unemployment in Argentina
Argentina - UnemploymentThe coronavirus pandemic has hit the country in difficult times. Economic activity shriveled in the first two months of this year after plummeting domestic demand crippled the economy in 2019. Since then, Covid-19 fallout and the lockdown caused industrial activity and exports to plunge in March, while consumer confidence fell deeper into pessimistic territory in March-April. Meanwhile, the debt renegotiation saga continues: After three major creditor groups rejected the initial proposal to restructure over USD 65 billion debt, the government extended negotiations until 22 May, the same day a grace period expires for a USD 503 million debt repayment the government suspended in April. Given the need for the government to meet a minimum participation threshold necessary for a comprehensive restructuring, the outlook for striking a deal looks grim.
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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July 8, 2020
The Universidad Torcuato di Tella (UTDT) consumer confidence index rose to 39.5 in June from a one-year low of 38.4 in May amid protracted containment measures.
July 7, 2020
Industrial production dived 26.4% year-on-year in May, following May’s record-sharp 33.4% year-on-year plunge.
June 29, 2020
Economic activity decreased 26.4% year-on-year in April (March: -11.5% yoy).
June 26, 2020
Exports tumbled 16.3% in year-on-year terms in May, following April’s sharper 18.9% dive.
June 24, 2020
Economic activity in the first quarter slumped 5.4% year-on-year, following Q4’s softer 1.1% drop, according to the Statistical Institute (INDEC).