Argentina Seen Entering Recession

Argentina Seen Entering Recession


Argentina’s economy enter recession in the first half of 2009, according to Buenos Aires-based Torcuato di Tella University’s Financial Research Center. The university’s index, which measures the possibility of recession based on fluctuations in consumer spending, construction activity, stock exchange performance and other economic indicators, dropped 23% in October compared to the same month in 2007, the worst since 2002, says lead researcher Martin Gonzalez. Month-on-month, the index dropped 1

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