Argentina's recession-hit economy struggled to recover

Argentina's poverty rate rose to 27.3 percent in the first half of 2018, official statistics agency Indec said on Thursday, up from 25.7 percent in the second half of 2017.

Argentina's recession-hit economy has struggled to recover after a serious drought hurt exports earlier this year and a run on the peso currency that prompted the government to turn to the International Monetary Fund to strike a financing agreement.