Argentina's Economic Surge: December Data Exceeds Expectations

Argentina's economic activity saw a remarkable 5.5% increase in December compared to the same month the previous year, surpassing analyst forecasts of 3.5%. However, the country's national economic activity is expected to witness a 1.8% decline in 2024, as reported by the official statistics agency.

Argentina's economic activity witnessed a robust increase of 5.5% in December, compared to the same period last year, according to official data released on Tuesday. This growth overtakes the 3.5% expansion that analysts anticipated in their Reuters survey.

The announcement from the country's official statistics agency highlighted an upcoming challenge of a 1.8% annual decline in national economic activity projected for 2024.

These figures present a mixed picture of Argentina's economic outlook, with the end-of-year surge contrasting with the broader concerns of stagnation in the forthcoming financial year.

(With inputs from agencies.)