Argentina's GDP grew by 7.3% in Q4

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Source: Marketwatch
The economy of Argentina expanded by 7.3% in Q4 on an annualized rate and by 0.8% on a quarterly basis, indicating slower growth pace than in the previous periods, according to Indec.  However, the figure is still above the expectations of a 7% yearly increase. The slowdown in industrial activities and weak consumer confidence both weighted down on the GDP growth. Government expects further cooling of the economy and set a 6% growth target for 2012.

 


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