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International Business Times
International Business Times
Business
AFP News

Argentine Economic Activity Plunges Amid Austerity Drive

Health workers protest the high cost of living (Credit: AFP)

Argentina's economic activity continued to plummet in March, with the construction and manufacturing industries leading the slowdown as President Javier Milei's government slashes spending, official figures showed Wednesday.

The national statistics agency, INDEC, said that economic activity had slowed 8.4 percent year-on-year in March -- the biggest such interannual change since the Covid pandemic.

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