He INDEC reported this afternoon a rebound in 3.9% of economic activity in the third quarter, compared to the previous three months. This is the first improvement of the libertarian government.
The head of state celebrated the news with a message on his “X” account in which he took aim at his professional colleagues. “To the baboons who talked about an L or a very faint Nik (sic) pipe, do they know how much it means to grow at 3.9% quarterly in annual terms?”said.
Next, the president went for more and fired heavy ammunition against the economists. “Keep crying, mandrilandia econochantas,” he added.
The reasons for the 3.9% GDP growth in the third quarter
The report published this Monday by the INDEC shows that the Argentine economy shows signs of recovery between July and September 2024, after hitting its deepest floor since the 2001/2002 recession. Among the components of aggregate demand, a 12% increase in investment and 4.6% increase in private consumption regarding the April-June period.
Meanwhile, in terms of foreign trade, exports showed a rise of 3.2% quarter-on-quarter, but imports jumped by a greater proportion, 9.1%.
However, Compared to the third quarter of 2023, GDP contracted 2.1%which was largely generated by a 16.8% collapse in investment and a 3.2% decline in consumption.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
