Unemployment in Argentina
Argentina - UnemploymentThe economic situation remained dire in Q3, after GDP collapsed in Q2. While the pace of the decline in economic activity softened in July-August from Q2, it remained considerable. Similarly, consumer confidence remained downbeat in Q3, pointing to constrained household spending. Moreover, merchandise exports plunged, although this could be partly due to under-reporting associated with a distorted exchange rate market. Moving to Q4, increased consumer pessimism in October, coupled with a still-high number of new Covid-19 cases, which led to the extension of restrictions in some regions, bodes ill for the recovery. However, in a bid to support the tourism sector, the government announced it would resume international flights to allow tourists from neighboring countries to enter from November. On the debt front, IMF staff will return in mid-November to make progress on replacing a USD 57 billion loan deal struck in 2018.
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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June 17, 2021
Consumer prices rose 3.3% over the previous month in May, following the 4.1% increase logged in April.
June 13, 2021
The Universidad Torcuato di Tella (UTDT) consumer confidence index inched up to 35.4 in May from 35.3 in April, which had marked the worst reading in two years.
June 9, 2021
Industrial output skyrocketed 55.9% year-on-year in April, following March’s 33.0% jump.
May 28, 2021
Merchandise exports skyrocketed 41.3% in annual terms in April, following March’s softer 30.5% jump and marking the strongest reading since August 2010.
May 21, 2021
On an annual basis, economic activity jumped 11.4% in March (February: -2.1% yoy), thanks to a low base effect as March 2020 was the first month of the Covid-19 pandemic.